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Jacobs Engineering Group Reports 1Q Profit Rise

Stock quotes in this article: JEC  

PASADENA, Calif. (AP) — Shares of Jacobs Engineering Group Inc. fell Tuesday, a day after the engineering and construction company said its second-quarter profit rose 10 percent as it cut its 2009 earnings guidance below Wall Street expectations.

Net income of $109.3 million, or 88 cents per share, compared with $99.3 million, or 80 cents per share, in the year-ago quarter.

Revenue for the period ended March 31 was $2.98 billion, up 12 percent from $2.66 billion in the same quarter last year. ...

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