AECOM (ACM) Q1 Earnings Beat, Design Business Backlog Up 9%

AECOM (ACM) reported results for first-quarter fiscal 2024, where earnings surpassed the Zacks Consensus Estimate. On a year-over-year basis, the top and bottom lines increased, backed by solid organic net service revenues (“NSR”) growth in its design business.Shares of the technical and management support services provider jumped 1.6% in the after-hours trading session on Feb 5, post-earnings release.Delving DeeperThe company reported adjusted earnings per share (EPS) of $1.05, which topped the consensus m ...