URS Corp. Q2 Profit Rises - Quick Facts

(RTTNews) - URS Corp. (URS) reported second-quarter net Income of $88 million, compared to $67 million reported in the second quarter last year. GAAP EPS was $1.27, compared to $0.91, last year. Cash earnings per share was $1.50, for the quarter. Operating income was $138 million, compared to $145 million, a year ago.

On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.74 for the quarter. Analysts' estimates typically exclude special items.

Revenues were $2.56 billion, compared to $2.79 billion in the second quarter of 2013. Analysts expected revenue of $2.69 billion for the quarter.

"While revenues decreased from last year's second quarter, partially as a result of the continued wind-down of our successful chemical demilitarization contracts, we are seeing positive long-term trends and increasing bidding opportunities across all of our key market sectors. We remain confident in our outlook for the year," Martin Koffel, CEO said.