Jacobs Engineering Group (JEC) reported fourth quarter EPS of $0.63 after the bell Monday, down from the $0.92 posted in the prior year period. The consensus estimate was for EPS of $0.68. The company expects to report full year 2010 EPS of $2.00 to $2.60, compared to the consensus estimate of $2.83.
Jacobs Engineering Group gapped open sharply lower Tuesday and declined until around 1:30PM. Shares finished down by $6.61 at $38.88 on the highest volume of the year. The stock dropped to a 4-month low and fell below its 200-day moving average.
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