Jacobs Shows Decline in Quarterly Profit
From a Times Staff Writer
Jacobs Engineering Group Inc. reported net earnings of $32.5 million, or 56 cents a share, for the quarter ended Dec. 31, down 3.8% from net earnings of $33.8 million, or 59 cents, in the same quarter a year earlier. The Pasadena-based engineering consulting firm posted revenue for its first fiscal quarter of 2005 of $1.3 billion, up 13%.
Jacobs Chief Executive Noel G. Watson said results had improved from the fourth quarter of fiscal 2004, when rising costs hampered profit. In that quarter, the company earned $30.5 million on revenue of $1.22 billion. Jacobs released its results after stock trading had ended.
