Jacobs Reports Fiscal Second Quarter Earnings
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Jacobs (J) Tops Q2 EPS by 9c, Provides FY20 EPS Outlook
May 6, 2020 6:20 PM EDTJacobs (NYSE: J) reported Q2 EPS of $1.39, $0.09 better than the analyst estimate of $1.30. Revenue for the quarter came in at $3.4 billion versus the consensus estimate of $3.39 billion.
Q2 2020 Highlights:
Gross revenue of $3.4 billion1 grew 10.9% year-over-year; net revenue grew 7.5% pro formaEPS from continuing operations of $(0.92); results include $1.94 charge from mark to market impact of Worley stockAdjusted EPS from continuing operations of $1.39, including $0.07 in discrete tax benefitsBacklog increased $2.6 billion to $23.3 billion, up 12.5% year-over-year and up 5% on a pro forma basisCash flow from operations of $152 million, expect strong... More