EDMONTON, Alberta (AP) — EDMONTON, Alberta (AP) — Stantec Inc. (STN) on Wednesday reported fourth-quarter profit of $54.7 million.

The Edmonton, Alberta-based company said it had net income of 48 cents per share. Earnings, adjusted for non-recurring costs, were 60 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.

The engineering firm posted revenue of $1.18 billion in the period. Its adjusted revenue was $912.5 million, which beat Street forecasts. Four analysts surveyed by Zacks expected $891.1 million.

For the year, the company reported profit of $245.3 million, or $2.21 per share. Revenue was reported as $3.75 billion.

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