UPDATE: Aecom Posts Downbeat Q3 Profit
Aecom Technology (NYSE: ACM) reported a weaker-than-expected third-quarter profit.
Aecom's quarterly net income dropped to $69.4 million, or $0.63 per share, versus $73.8 million, or $0.62 per share, in the year-ago period. The number of outstanding shares declined 7% in the quarter.
Analysts were expecting earnings of $0.64 per share in the quarter.
Aecom shares closed at $15.98 yesterday.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.