Jacobs Engineering: Fiscal 3Q Earnings Snapshot
DALLAS (AP) _ Jacobs Engineering Group Inc. (JEC) on Monday reported fiscal third-quarter earnings of $150.2 million.
On a per-share basis, the Dallas-based company said it had profit of $1.05. Earnings, adjusted for restructuring costs and non-recurring costs, were $1.35 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The construction and technical services company posted revenue of $4.16 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $3.98 billion.
Jacobs Engineering shares have climbed almost 2 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 6 percent. The stock has risen 28 percent in the last 12 months.