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Jacobs Engineering Group Inc. Q2 adjusted earnings Beat Estimates

Jacobs Engineering Group Inc. (JEC) reported a profit for second quarter that dropped from last year.

The company's profit totaled $49 million, or $0.34 per share. This compares with $50 million, or $0.41 per share, in last year's second quarter.

Excluding items, Jacobs Engineering Group Inc. reported adjusted earnings of $144 million or $1.00 per share for the period.

Analysts had expected the company to earn $0.88 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 69.6% to $3.9 billion from $2.3 billion last year.

Jacobs Engineering Group Inc. earnings at a glance:

-Earnings (Q2): $144 Mln. vs. $95 Mln. last year.
-EPS (Q2): $1.00 vs. $0.78 last year.
-Analysts Estimate: $0.88
-Revenue (Q2): $3.9 Bln vs. $2.3 Bln last year.

Full year EPS guidance: $4.00-$4.40

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