Aecom Technology (ACM) Tops Q3 EPS by 1c; Buts FY11 Outlook Slightly

Aecom Technology (NYSE: ACM) reported Q3 EPS of $0.62, $0.01 better than the analyst estimate of $0.61. Revenue for the quarter came in at $2.05 billion versus the consensus estimate of $2.06 billion.

"Continued challenges in our Western European business have led us to evaluate actions to reduce our cost structure, which may negatively impact our earnings by approximately $0.05 in the fourth quarter." Aecom Technology sees FY2011 EPS of $2.30-$2.35, versus the consensus of $2.38.

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