Better-than-expected earnings could be a major catalyst for Quanta Services (PWR) shares

Quanta Services' second-quarter revenue and earnings significantly exceeded analyst expectations, while its backlog reached a record high of approximately $53 billion. Management commented on the outlook for future performance.

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The story

Quanta Services reported its second-quarter results, with revenue and net income significantly exceeding analyst expectations.

Backlog reached a record high of approximately $53 billion, and management commented on the outlook for future performance.

At a glance

EarningsSecond-quarter revenue and earnings significantly exceeded expectations

OrdersBacklog reached a record high of approximately $53 billion

TrendManagement commented on the outlook for future performance

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