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  • Saturday, April 20, 2024

AECOM Posts Net Loss for 1Q, Sales Up 2% From Prior Year Period


AECOMAECOM Technology Corp. (NYSE: ACM) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported a net loss of $20.37 million for the first quarter of its 2016 fiscal year.

The first quarter loss for the Los Angeles-based engineering and construction services contractor amounted to 13 cents on a per share basis versus the consensus Wall Street earnings expectation of 60 cents.

AECOM runs its fiscal calendar on an October-September basis and said adjusted first quarter earnings were 68 cents per share when including one-time gains and costs.

First quarter revenue came in at $4.3 billion to show a 2.14-percent year-over-year increase but fall $80 million shy of analyst forecasts.

The company held to its adjusted earnings guidance of between $3.00 and $3.40 per share for the full year.

As of Monday’s close, shares in AECOM had declined 18.88 percent since the start of the year and are down 11.74 percent over 12 months.

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