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Why Did Tutor Perini Stock Drop Today?

TheMotleyFool

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Leading civil construction firm Tutor Perini (NYSE: TPC) stock slid 7.5% through 10:05 a.m. ET Friday morning despite beating analyst forecasts for both sales and earnings last night.

Heading into the company's Q4 report, analysts forecast Tutor Perini would earn only $0.62 per share on sales of $1.35 billion. In fact, Tutor earned $1.07 per share, and its sales surpassed $1.5 billion.

Image source: Getty Images.

Source Fool.com

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