Jacobs Engineering: Fiscal 1Q Earnings Snapshot
DALLAS (AP) _ Jacobs Engineering Group Inc. (J) on Tuesday reported fiscal first-quarter net income of $257 million, after reporting a loss in the same period a year earlier.
The Dallas-based company said it had profit of $1.91 per share. Earnings, adjusted for one-time gains and costs, came to $1.20 per share.
The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of $1.20 per share.
The construction and technical services company posted revenue of $3.36 billion in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $3.32 billion.
Jacobs Engineering expects full-year earnings in the range of $5.30 to $5.80 per share.
Jacobs Engineering shares have increased roughly 4% since the beginning of the year. The stock has increased 42% in the last 12 months.