URS Q1 Profit Declines; Backs FY14 Outlook - Quick Facts

(RTTNews) - URS Corp. (URS), a provider of engineering and technical services, Tuesday reported first-quarter net income attributable to the company of $27 million or $0.37 per share, compared to $72 million or $0.96 per share in the comparable quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.68 per share for the quarter. Analysts' estimates typically exclude one-time items.

Revenues for the latest first quarter were $2.54 billion, compared with $2.80 billion last year, while 11 analysts estimated revenues of $2.68 billion for the quarter.

Looking forward to the full year 2014, the company continues to expect earnings of $3.20 and $3.50 per share and revenues in the range of $10.8 billion to $11.2 billion. Analysts now expect earnings of $3.27 per share and revenues of $10.84 billion.

On May 9, 2014, the company declared a quarterly cash dividend of $0.22 per common share, payable on July 11, 2014 to stockholders of record as of June 20, 2014.