On July 31, Quanta rose 3.17% in regular trading, trading at 681.78 USD/share, with turnover of $110 million, extending the prior session's nearly 19% surge.

On the news front, the company reported Q2 adjusted EPS of $4.24 on July 30, far exceeding the consensus estimate of $3.31 and representing a 70.97% year-over-year increase. Quarterly revenue came in at $9.56 billion, significantly above the $8.61 billion expected. The company simultaneously raised full-year guidance substantially, projecting revenue of $39.3 billion to $39.7 billion versus prior guidance of $34.7 billion to $35.2 billion and the market expectation of $35.01 billion. Full-year adjusted EPS guidance was lifted to $16.45-$16.95, up sharply from the prior range of $13.55-$14.25 and well above the analyst consensus of $14.01. The blowout results effectively countered recent downgrades from JPMorgan and Jefferies, which had pressured shares lower in the days leading up to earnings.

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