Stantec shares surge 13.5% on earnings beat
STN Stantec Inc
$85.69 +14.06%
View chart & analysis → - 1Stantec exceeded analyst expectations for both quarterly revenue and profit.
- 2The backlog grew nearly 12% year-over-year, suggesting potential acceleration in future revenue growth.
- 3Stantec shares rose 13.5% on Friday.
So what's the key point?
Stantec earned more money than experts expected. The stock price rose 13.5% because the amount of upcoming work is expected to increase.
Source The Motley Fool +1 · View original ↗
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