AECOM Technology Q2 Profit Decreases, In Line With Estimates - Quick Facts

(RTTNews) - AECOM Technology Corp. (ACM) Tuesday reported a drop in earnings for the second quarter. Earnings matched analysts' estimates.

For the second quarter, net earnings decreased to $40.19 million or $0.41 per share, from $53.81 million or $0.53 per share a year ago.

On average, 9 analysts polled by Thomson-Reuters estimated the company's earnings to be $0.41 for the quarter. Analysts' estimates typically exclude one-time items.

Revenues for the 3-month period declined to $1.872 billion from $1.989 billion in the same period last year. Analysts expected revenues of $1.99 billion.

For fiscal 2014, the company expects full year earnings per share to be at the low end of the previous guidance range of $2.50 to $2.60 per share. Analysts expect annual earnings of $2.57.