BUZZ-Jacobs beats quarterly profit estimates, shares rise

Reuters

2025/02/04

** 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%

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

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their median PT is $153 - LSEG data** In 2024, stock was up 24.26%  (Reporting by Anshuman Tripathy) ((Anshuman.Tripathy@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}