DALLAS (AP) _ Jacobs Engineering Group Inc. (J) on Wednesday reported a fiscal second-quarter loss of $92.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Dallas-based company said it had a loss of 69 cents. Earnings, adjusted for one-time gains and costs, were $1.39 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The construction and technical services company posted revenue of $3.43 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $3.12 billion.
Jacobs Engineering expects full-year earnings in the range of $4.80 to $5.30 per share.
Jacobs Engineering shares have declined 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $78.35, a climb of roughly 2% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on J at https://www.zacks.com/ap/J
Automated Insights, source Associated Press News