BUZZ-Jacobs beats quarterly profit estimates, shares rise
ReutersFeb 4, 2025 1:11 PM
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%
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