AP NEWS

Aecom: Fiscal 4Q Earnings Snapshot

November 12, 2019 GMT

LOS ANGELES (AP) _ Aecom Technology Corp. (ACM) on Tuesday reported a fiscal fourth-quarter loss of $474.2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Los Angeles-based company said it had a loss of $3.01. Earnings, adjusted for one-time gains and costs, came to 79 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.

The provider of technical and management-support services posted revenue of $5.12 billion in the period.

For the year, the company reported a loss of $261.1 million, or $1.66 per share, swinging to a loss in the period. Revenue was reported as $20.17 billion.

Aecom shares have risen 62% since the beginning of the year. The stock has climbed 31% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACM at https://www.zacks.com/ap/ACM