Jacobs Engineering: Fiscal 4Q Earnings Snapshot
DALLAS (AP) _ Jacobs Engineering Group Inc. (JEC) on Tuesday reported a fiscal fourth-quarter loss of $22.5 million, after reporting a profit in the same period a year earlier.
The Dallas-based company said it had a loss of 16 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were $1.31 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The construction and technical services company posted revenue of $4.14 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $4.25 billion.
For the year, the company reported profit of $178.4 million, or $1.28 per share. Revenue was reported as $14.98 billion.
Jacobs Engineering shares have increased 11 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen almost 1 percent. The stock has increased 24 percent in the last 12 months.