Shares of Stantec (NYSE:STN) tumbled 5.27% in after-hours trading on Wednesday following the release of its second-quarter earnings report. The company delivered mixed results, meeting earnings expectations but falling short on revenue projections.

Stantec reported quarterly earnings of $0.98 per share, aligning with analyst consensus estimates. This represents a significant 19.88% increase from $0.82 per share in the same period last year, showcasing the company's ability to improve profitability. However, the engineering services firm's quarterly sales of $1.153 billion missed the analyst consensus estimate of $1.180 billion by 2.29%. Despite the miss, this still marks a 5.68% increase over sales of $1.091 billion from the same quarter in the previous year.

The after-hours stock plunge suggests that investors are focusing more on the revenue miss than the earnings growth. While Stantec demonstrated strong year-over-year improvements in both earnings and sales, the failure to meet top-line expectations appears to have dampened market sentiment. As the market digests these mixed results, investors will be closely watching for any forward guidance or management commentary that could provide insight into Stantec's future performance and growth prospects.