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IN BRIEF / EARNINGS

Jacobs Shows Decline in Quarterly Profit

January 25, 2005|From a Times Staff Writer

Jacobs Engineering Group Inc. reported net earnings of $32.5 million, or 56 cents a share, for the quarter ended Dec. 31, down 3.8% from net earnings of $33.8 million, or 59 cents, in the same quarter a year earlier. The Pasadena-based engineering consulting firm posted revenue for its first fiscal quarter of 2005 of $1.3 billion, up 13%.

Jacobs Chief Executive Noel G. Watson said results had improved from the fourth quarter of fiscal 2004, when rising costs hampered profit. In that quarter, the company earned $30.5 million on revenue of $1.22 billion. Jacobs released its results after stock trading had ended.

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