AECOM reports third quarter fiscal year 2019 results

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Go back to AECOM reports third quarter fiscal year 2019 results

AECOM Technology (ACM) Misses Q3 EPS by 22c, Revenues Miss; Offers FY19 EPS Guidance

August 6, 2019 7:00 AM EDT

AECOM Technology (NYSE: ACM) reported Q3 EPS of $0.52, $0.22 worse than the analyst estimate of $0.74. Revenue for the quarter came in at $4.98 billion versus the consensus estimate of $5.23 billion.

Third Quarter and Year-to-Date Fiscal 2019 Accomplishments:

Revenue of $5.0 billion in the third quarter decreased by 3% over the prior year and included 10% organic3 growth in the Management Services segment and continued underlying growth in the Americas design business, which was offset by anticipated lower levels of storm recovery work in the U.S. Virgin Islands.The DCS segment operating margin and adjusted operating... More