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Jacobs Engineering: Fiscal 3Q Earnings Snapshot

🕐 1 min read

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.

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

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