Jacobs Solutions gains on Q3 results beat

Jacobs Solutions

08/08/2023 17:31

** Shares of engineering and construction services provider
Jacobs Solutions Inc  J.N  up 2% at $131.1
    ** Company reports Q3 profit of $1.82/shr, slightly above
analysts' expectations of $1.81/shr - Refinitiv
    ** Posts 9.4% increase in Q3 revenue to $4.2 bln, topping
analysts' estimate of $3.96 bln
    ** Company reiterates FY23 adjusted EBITDA in the range of
$1,420 mln-$1,470 mln and adjusted profit at $7.25/shr-$7.45/shr
    ** Says advancing plans for previously announced separation
of critical mission solutions business
    ** 18 of 19 brokerages rate stock "buy" or higher, 1 "hold";
median PT is $149.94 - Refinitiv
    ** Stock up 9.6% YTD
 

 (Reporting by Anandita Mehrotra in Bengaluru)
 ((Anandita.Mehrotra@thomsonreuters.com))