Revenue Update on Aecom(NYSE:ACM)

Aecom(NYSE:ACM) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $4.41B. Analysts estimated a revenue of $4.51B. Earnings per share were $0.81. Analysts had estimated an EPS of $0.70.

Aecom (ACM) shares turned negative on Wednesdays trading session with the shares closing down -1.47 points or -4.40% at a volume of 37,94,964. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $33.33. The peak price level was also seen at $33.33 while the days lowest was $31.65. Finally the shares closed at $31.97. The 52-week high of the shares is $36.2 while the 52-week low is $22.8. According to the latest information available, the market cap of the company is $4,914 M.

Several Insider Transactions has been reported to the SEC. On Aug 3, 2016, Daniel R. Tishman (Vice Chairman) sold 30,000 shares at $35.20 per share price.Also, On Jul 29, 2016, Michael John Donnelly (President, End Markets) sold 5,700 shares at $36.00 per share price.On Jul 14, 2016, Michael S Burke (Chairman & CEO) sold 2,909 shares at $34.00 per share price, according to the Form-4 filing with the securities and exchange commission.

AECOM formerly AECOM Technology Corporation designs builds finances and operates infrastructure assets for governments businesses and organizations around the world. The Company provides program and facilities management and maintenance training logistics consulting technical assistance and systems integration and information technology (IT) services. The Company operates through three segments: Design and Consulting Services (DCS) Construction Services (CS) and Management Services (MS). The DCS segment provides planning consulting architectural and engineering design and program and construction management services to commercial and government clients across the world. Its CS segment provides construction program and construction management services including building construction and energy infrastructure and industrial construction primarily in the Americas. The Company through its MS segment is a contractor to the United States Federal Government.

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