After the bell, shares dropped 6.3% to $44.22.
The construction and engineering company earned 37 cents a share over the three months to March, 30 cents less than analysts surveyed by Thomson Reuters forecast. Revenue of $2.5 billion fell 10.7% year over year and missed expectations of $2.68 billion.
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TheStreet Ratings team rates URS CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate URS CORP (URS) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share."
- You can view the full analysis from the report here: URS Ratings Report