Why Primoris Services (PRIM) Stock Is Up Today

NEW YORK (TheStreet) -- Shares of Primoris Services Corp. (PRIM) are up 2.12% to $28.00 on Tuesday after the company reported revenue and net income increased for the 2014 first quarter.

The company said revenue increased 15% to $470 million from $409 million from the 2013 first quarter.

Net income for the 2014 first quarter spiked 11% to $10.8 million, or 21 cents per diluted share, compared to $9.8 million, or 19 cents per diluted share from the year ago quarter.

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Primoris Services is a holding company of various subsidiaries that form specialty contractors and infrastructure companies in the U.S.

PRIM Chart PRIM data by YCharts

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