UPDATE 2-Jacobs cuts 2009 profit view; shares fall

martes 28 de abril de 2009 16:15 CEST

* Q2 EPS 88 cents vs 80 cents yr-ago; meets expectations

* Cuts FY 2009 profit view on market uncertainty

* Shares down 9 percent (Adds analysts' comments, share movement)

April 28 (Reuters) - U.S. construction services firm Jacobs Engineering Group Inc (JEC.N: Cotización) posted a higher quarterly profit, but cut its 2009 earnings forecast, even as its backlog for orders grew 2.5 percent.

Shares of the company fell nearly 8 percent to $42.25 in early trade on the New York Stock Exchange.

Jacobs slashed its earnings estimate to a range of $3.10 to $3.50 a share, from a prior forecast of $3.55 to $3.90 a share.

"While we viewed a downward revision in 2009 guidance as likely on energy markets pressure, we are slightly surprised by the extent of the cut," Keybanc Capital Markets analyst Tahira Afzal said in a note.

Goldman Sachs analyst Joe Richie said the magnitude of the guidance cut is somewhat perplexing given an in-line earnings quarter and better-than-expected awards.

FBR Capital Markets analyst Alex Rygiel said calculated new awards were $4.5 billion during the quarter.   Continuación...