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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.