Update: Aecom Swings to Fiscal Q3 Adjusted Loss, Revenue Drops; Shares Down Pre-Bell
MT Newswires Live
Aug 11
(Updates with the stock move in the headline and the first paragraph.)
Aecom (ACM) shares were down 7.3% in premarket activity Tuesday after the company reported a fiscal Q3 loss amid a decline in sales and provided a downbeat full-year adjusted earnings guidance.
The company reported a fiscal Q3 adjusted loss late Monday of $0.50 per diluted share, swinging from earnings of $1.34 a year earlier.
Analysts polled by FactSet expected non-GAAP EPS of $1.46.
Revenue for the three months ended June 30 was $3.59 billion, down from $4.18 billion a year earlier.
Aecom now expects fiscal 2026 adjusted EPS of $3.95 to $4.15. Analysts expect $5.96.
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