Tutor Perini Corp. Gets $56.3 Million Contract

Tutor Perini Corp. has won a $56.3 million contract from Amtrak for the Hudson Yards project in New York City.

The Sylmar construction company will build a concrete casing for a future train tunnel under the Hudson River into Pennsylvania Station.

Hudson Yards is the massive private real estate development on the western edge of Manhattan that will total more than 17 million square feet of commercial and residential space.

Shares closed up 31 cents, or about 1 percent, to $22.40 on the New York Stock Exchange.

Molina’s Earnings Beat Estimates

Molina Healthcare Inc. beat analysts’ estimates with its first quarter earnings, announced after markets closed Thursday.

The Long Beach health care provider reported net income of $28.2 million (56 cents a share) on revenue of $3.2 billion. Revenue was up 53 percent compared to the same period last year, when the company had net income of $4.5 million (10 cents a share.

Analysts had expected Molina to report net income of 47 cents a share.

The good news sent shares up 5 percent to $61.20 in after hours trading.