Jacobs beats quarterly profit estimates, shares rise

Jacobs Solutions

04/02/2025 13:11

** Shares of engineering services provider Jacobs Solutions
 J.N  rise 2.6% to $142.42 in premarket trade
    ** J tops estimates for first-quarter profit on higher
revenue from its water and life sciences businesses within its
infrastructure & advanced facilities segment
    ** Co announces 2025 buyback program on Tuesday to
repurchase $1.5 bln in shares annually through 2028
    ** Co posts Q1 adjusted profit of $1.33/shr, beating
analysts' estimate of $1.27/shr, according to data compiled by
LSEG
    ** 11 of 18 brokerages rate the stock "buy" or higher and 7
"hold"; their median PT is $153 - LSEG data
    ** In 2024, stock was up 24.26% 

 (Reporting by Anshuman Tripathy)
 ((Anshuman.Tripathy@thomsonreuters.com))