Jacobs Solutions down after 2025 profit forecast below estimates

Amentum Holdings

19/11/2024 13:57

** Shares of Jacobs Solutions  J.N  fall 2.74% at $136.5 in
premarket trading after it forecasts 2025 adjusted profit below
estimates
    ** The engineering services provider says it expects 2025
adjusted profit in the range of $5.80 to $6.20 per share, below
an estimate of $6.65 per share
    ** Reports a 28% rise in its fourth-quarter adjusted profit
to $1.37 per share from a year ago, but falls short of the
estimate of $1.54
    ** Jacobs in September completed the spin-off of its
government consulting units with rival Amentum  AMTM.N , as part
of a restructuring to streamline operations and boost margins
    ** Up to the previous session's close, shares were up 29.5%​
YTD

 (Reporting by Joao Manuel Mauricio)
 ((JoaoManuel.VicenteMauricio@thomsonreuters.com))