Aecom Technology Corp. (ACM) announced a 15 percent decline in the second quarter net income to $49 million from $58 million a year ago. Earnings per share were down 12 percent at 43 cents in comparison with 49 cents last year.
On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.45 per share. Analysts figures usually exclude special items.
Second-quarter revenues increased 4 percent to $2.0 billion from $1.94 billion last year. Street was looking for $2.07 billion revenues.
The company noted that its strength in Professional Technical Services segment was overshadowed by challenges in Management Support Services segment. Hence it
Aecom reduced its full-year earnings guidance to $2.30 to $2.45 per share from its prior guidance range of $2.45 to $2.65 per share. Analysts were expecting earnings of $2.49 per share.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.