Jacobs Solutions Slips To Loss In Q2 Despite Strong Revenue Growth

Jacobs Solutions reported a second-quarter net loss from continuing operations of $42.9 million, or $0.32 per share, versus net income of $11.2 million, or $0.10 per share, a year earlier. The year-over-year swing to a loss is a clear deterioration in profitability and is likely to weigh on the stock, although no revenue or guidance details were provided.

Analysis

Jacobs Solutions reported a second-quarter net loss from continuing operations of $42.9 million, or $0.32 per share, versus net income of $11.2 million, or $0.10 per share, a year earlier. The year-over-year swing to a loss is a clear deterioration in profitability and is likely to weigh on the stock, although no revenue or guidance details were provided.