Tetra Tech Posts Strong Q2 Earnings

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Tetra Tech International Inc. reported second quarter net income of $13.7 million (23 cents per share) up 31 percent from $10.4 million (18 cents) for the same period a year earlier. The results beat Wall Street’s expectations of 20 cents per share, according to Thomson Financial.


Revenues for the Pasadena-based water infrastructure systems engineer rose 22 percent to $287 million thanks to a 21 percent increase in commercial business as well as a 9 percent hike in government business, the company said.

Shares in Tetra Tech closed down 2 percent on Wednesday but surged 7.4 percent in after-hours trading to $22.70.

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