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
Apple Inc. is taking necessary precautions including Covid-19 testing for those employees returning to work at its headquarters in Silicon Valley, Bloomberg reported citing people familiar with the process. The company, which opened its main Apple Park office in May bringing back some hardware and software engineers, plans the gradual reopening of the building keeping the coronavirus safeguards. A U.S. appeals court has blocked the sales of Bayer AG's dicamba-based Xtendimax in the United States. The three-judge panel in the U.S. Court of Appeals for the Ninth Circuit ruled that the US Environmental Protection Agency (EPA) overstated the protections and substantially understated or ignored the risks related to the use of dicamba-based herbicides. Tesla Chief Executive Officer Elon Musk has called for a breakup of Amazon after the online retail giant refused to publish an upcoming book about COVID-19. Writer Alex Berenson said on Twitter that Amazon refused to publish his booklet about the coronavirus as it did not comply with the company's guidelines. Berenson is a former New York Times reporter.
RELATED NEWS
Follow RTT