Jacobs Engineering Group, Inc. (JEC) Misses Q2 EPS by 3c; Reaffirms Outlook

Jacobs Engineering Group, Inc. (NYSE: JEC) reported Q2 EPS of $0.80, $0.03 worse than the analyst estimate of $0.83. Revenue for the quarter came in at $2.84 billion versus the consensus estimate of $2.93 billion.

Commenting on the results for the second quarter, Jacobs President and CEO Craig L. Martin stated, "Our second quarter performance resulted in solid growth in earnings, both quarter-over-quarter and year-over-year. New bookings were good as well, so backlog continues to improve. Prospects for the remainder of the year continue the favorable trend established in the first half, so the second half of FY13 looks positive."

Commenting on the Company's earnings outlook for the remainder of fiscal 2013, Jacobs Chief Financial Officer John W. Prosser, Jr. stated, "Our second quarter results and outlook for the remainder of the year are in line with our expectations. We are maintaining our guidance at $3.00 to $3.50 per share." The consensus is $3.33.

For earnings history and earnings-related data on Jacobs Engineering Group, Inc. (JEC) click here.

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