Jacobs Engineering Group Inc. (JEC) reported net earnings attributable to Jacobs for first quarter of fiscal 2010, of $72.4 million, or $0.58 per diluted share, compared to $116.4 million, or $0.94 per diluted share in the comparable period last year.
Jacobs noted that fiscal 2010 first quarter included an after-tax charge of $5.8 million, or $0.04 per diluted share, relating to ceasing of usage of one of its offices in Houston, Texas, and entering a sublease for the entire property.
On average, 21 analysts polled by Thomson Reuters expected the company to report earnings of $0.58 per share for the first quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter declined to $2.5 billion from $3.2 billion in the year-ago period. Fifteen analysts had a consensus revenue estimate of $2.48 billion for the quarter.
Looking ahead, the company said it is maintaining its guidance for fiscal 2010 of earnings per share of a range of $2.00 to $2.60, while analysts estimate the company to report $2.36 per share.
For comments and feedback contact: editorial@rttnews.com
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.