How did GVA's Q4 earnings surprise impact its annual performance?

**GVA's Q4 earnings surprise had a positive impact on its annual performance.** Here's the analysis: 1. **Q4 Earnings Surprise**: - Granite Construction (GVA) reported an earnings per share (EPS) surprise of $0.06 for Q4 2024. - This positive surprise indicates that the company's actual performance exceeded market expectations. 2. **Annual Net Income**: - GVA's net income for the fiscal year 2024 was $140.44 million. - This figure includes the performance from all four quarters of the year. 3. **Impact on Annual Performance**: - The Q4 earnings surprise contributes to the overall net income figure for the year. - Since the Q4 surprise was positive, it likely boosted the annual net income above what was expected. - This suggests that GVA's annual performance for 2024 was stronger than initially anticipated, reflecting improved financial health and operational efficiency. In conclusion, GVA's Q4 earnings surprise had a beneficial effect on its annual financial performance, contributing to a higher-than-expected net income for the year.