Quantcast

Jacobs Engineering Group Holding On To Strong Gain


Shutterstock photo


(RTTNews.com) - Shares of Jacobs Engineering Group Inc. ( JEC ) continue to see significant strength in afternoon trading on Monday after gapping open sharply higher. Jacobs is currently up by 6.3 percent.

The initial jump by Jacobs came after the professional services provider announced an agreement to sell its energy, chemicals and resources business to Australia'sWorleyParsons Ltd. for $3.3 billion.

"For Jacobs, this transaction marks an inflection point in our portfolio transformation focused on more consistent, higher-margin growth as a leader solving the world's critical challenges," said Jacobs Chairman and CEO Steve Demetriou.


Read the original article on RTTNews (http://www.rttnews.com/2945843/jacobs-engineering-group-holding-on-to-strong-gain.aspx)


For comments and feedback: contact editorial@rttnews.com




This article appears in: Stocks
Referenced Symbols: JEC ,



More from RTT News

Subscribe






See All RTT news











Research Brokers before you trade

Want to trade FX?