Shares of Tutor Perini (TPC) jumped 7.48% in pre-market trading on Thursday, following the company's impressive third-quarter 2025 financial results and raised full-year guidance. The construction giant significantly outperformed analyst expectations, demonstrating a strong turnaround from the previous year.

Tutor Perini reported adjusted earnings per share of $1.15 for the third quarter, substantially beating the analyst consensus estimate of $0.60 by 90.71%. This marks a dramatic improvement from the $1.61 per share loss recorded in the same period last year. The company's quarterly revenue also impressed, reaching $1.415 billion, a 30.66% increase year-over-year and surpassing analyst estimates of $1.378 billion.

Adding to the positive sentiment, UBS raised its target price for Tutor Perini to $86 from $67, reflecting growing confidence in the company's prospects. The construction firm's strong performance, driven by improved gross profit and operational efficiency, has led to an increase in its full-year 2025 adjusted earnings guidance. This outlook suggests continued growth and profitability for Tutor Perini, further fueling investor optimism and contributing to the stock's pre-market surge.