NasdaqGS:TTEKCommercial Services
Tetra Tech (TTEK) Stock Slides As Raised Outlook Meets Profit Quality Doubts
Tetra Tech entered this earnings day with the stock up over the past month, then saw nearly 4% wiped off in a single session. That is a sharp move for a consulting and engineering group that investors often treat as a steady compounder in water and environmental services. The headline is very different from the share price. Quarterly net revenue reached about US$1.1b with earnings per share of US$0.42, and management raised full year revenue and adjusted earnings guidance. The market reacted...