Tutor Perini Corp. handily beat Wall Street expectations on earnings and revenue for the third quarter, but the Sylmar construction firm saw its share price drop.

Earnings were released after the stock markets closed. Tutor’s stock may have declined in sympathy with other construction companies that expected a “blue wave” in Tuesday’s election, which could have prompted a large infrastructure package, said Brent Thielman, an analyst with D.A. Davidson Cos.

“You see a lot of pressure in the infrastructure construction related names, including Tutor Perini,” Thielman said.


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