Aecom Technology Profits And Sales Climb Higher (ACM)

Los Angeles, California-based Aecom Technology Corporation ACM released financial results on Tuesday morning that were in-line with Wall Street estimates. Aecom Technology Corporation announced that its 1st quarter net income from continuing operations climbed 25% to $57 million, or 48 cents per share, up from $46 million, or 40 cents per share, a year earlier. Aecom Technology Corporation reported revenue of $1.94 billion, up 31% from $1.48 billion a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 48 cents per share, on revenue of $1.93 billion. Aecom Technology Corporation (ACM)finished the previous trading day at $28.70 per share. The consensus price target of analysts covering the company's stock is $35.25 per share. Aecom Technology Corporation is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. Read more from Benzinga's Company news.