logo
Plus   Neg
Share
Email

Jacobs Engineering Boosts FY19 Adj. Pro Forma EPS Outlook - Quick Facts

While reporting financial results for the second quarter, professional services provider Jacobs Engineering Group Inc. (JEC) on Tuesday raised its adjusted pro forma earnings outlook, excluding the Energy, Chemicals and Resources (ECR) business results for fiscal 2019.

For fiscal 2019, the company now projects adjusted pro forma earnings in a range of $4.45 to $4.85 per share, excluding full year ECR results.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $5.23 per share for the year. Analysts' estimates typically exclude special items.

The company announced the pending acquisition of The KeyW Holding Corp. on April 22, 2019 and closed the sale of its Energy, Chemicals and Resources (ECR) business on April 26, 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Walt Disney Co. confirmed that its upcoming streaming service Disney+ will launch in five countries, including the U.S., in November this year. The company has reached global agreements with major platforms to distribute the Disney+ app across partner mobile and connected TV devices. Disney+ will launch in the U.S., Canada and the Netherlands on November 12. Corporate America is committed to providing long-term economic benefit to all people rather than focusing on just shareholders' interests, Business Roundtable said Monday. The updated statement on the "purpose of a corporation" moves away from the principles of shareholder primacy that has been endorsed since 1997, and redefines corporate responsibility. Club Car, a unit of Ingersoll Rand Inc., withdrew 12,313 gas utility and transport vehicles in two recalls over concerns of fire and burn hazards due to fuel leak. These include about 2,013 vehicles that were sold in Canada. Club Car makes electric and gas-powered golf cars and utility task vehicles (UTVs) for personal and commercial use.
Follow RTT