Jacobs Engineering (NYSE:J) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Jacobs Engineering announced earnings per share of $1.39 on revenue of $3.43B. Analysts polled by anticipated EPS of $1.3 on revenue of $3.4B. That with comparison to EPS of $1.19 on revenue of $3.09B in the same period a year before. Jacobs Engineering had reported EPS of $1.2 on revenue of $3.36B in the previous quarter. Analysts are expecting EPS of $1.31 and revenue of $3.36B in the upcoming quarter.
Jacobs Engineering shares are down 12% from the beginning of the year , still down 24.66% from its 52 week high of $104.00 set on February 21. They are broadly in line with the S&P 500 which is down 12.21% year to date.
Jacobs Engineering follows other major Capital Goods sector earnings this month
Jacobs Engineering's report follows an earnings missed by ASML ADR on April 15, who reported EPS of $0.93 on revenue of $2.44B, compared to forecasts EPS of $1.47 on revenue of $3.17B.
Lockheed Martin had beat expectations on April 21 with first quarter EPS of $6.08 on revenue of $15.65B, compared to forecast for EPS of $5.81 on revenue of $15.08B.
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