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Jacobs Reports Lower Earnings, Higher Revenue in its Third Fiscal Quarter

Jacobs Reports Lower Earnings, Higher Revenue in its Third Fiscal Quarter

Earnings fell at Jacobs [J], Dallas, in the third quarter of its fiscal 2023 year as the international engineer company continued to move toward a sale of its government contracting business. Net earnings for the quarter ended June 30 were $164 million, or $1.29 a share, down from net earnings of $196 million or $1.52 a share in the year-ago quarter, Jacobs said Tuesday in a press release. Quarterly revenue was $4.2 billion, up year-over-year from $3.8 billion. Jacobs announced…

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