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Markets Watch: AECOM Technology Corp (NYSE:ACM), D.R. Horton, Inc. (NYSE:DHI), International Business Machines Corp. (NYSE:IBM)

Markets Watch: AECOM Technology Corp (NYSE:ACM), D.R. Horton, Inc. (NYSE:DHI), International Business Machines Corp. (NYSE:IBM)
Written by
Chris Sandburg
Published on
November 11, 2014
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AECOM Technology Corp (NYSE:ACM) reported fiscal Q4 earnings that missed analysts' estimates while sales exceeded and raised its 2015 guidance to reflect inclusion of the URS acquisition. The provider of planning, consulting, architectural and engineering design, and program and construction management services said adjusted earnings in the quarter ended September 30 rose to $0.79 per share from $0.77 the year earlier, missing the $0.82 average estimate from analysts polled by Capital IQ. Revenue rose 23% to $2.56 billion compared to the $2.24 billion consensus.Reported net income fell 16.4% to $64.03 million or $0.64 per diluted share from $76.57 million or $0.77 a year earlier. For fiscal 2015, Aecom said it now expects adjusted EPS of $2.75 to $3.35, vs. the $2.84 consensus. AECOM Technology Corp (NYSE:ACM) said the mid-point of the guidance range assumes approximately $110 million of realized synergies from the acquisition of URS, which was completed on Oct. 17. The company's previous guidance range was $2.50 to $2.60.Click here for a free comprehensive Trend Analysis ReportD.R. Horton, Inc. (NYSE:DHI), a national homebuilder, posted fiscal Q4 earnings and sales that rose from the prior year. Net income for the fourth fiscal quarter was $166.3 million, or $0.45 per diluted share, compared to $139.5 million, or $0.40 per diluted share, in the same quarter of fiscal 2013. The earnings number included items so it's unclear if it compares to the $0.49 analysts had been expecting, according to Capital IQ.Total Revenues rose to $2.4 billion from $1.8 billion a year earlier and were in line with analysts' expectations. Net sales orders for the fourth quarter ended September 30, 2014 increased 38% to 7,135 homes from 5,160 homes in the year-ago quarter and the value of net sales orders increased 41% to $2.0 billion from $1.4 billion. D.R. Horton, Inc. (NYSE:DHI) said it will maintain its quarterly cash dividend of $0.0625 per common share on December 15, 2014 to stockholders of record on December 1, 2014.Click here for a free comprehensive Trend Analysis ReportInternational Business Machines Corp. (NYSE:IBM) in partnership with JDA Software, is creating an integrated omni-channel supply chain solution that synchronizes order capture and order management with retail planning, labor productivity, and fulfillment. JDA Software is a provider of end-to-end, integrated retail and supply chain planning and execution solutions. Under the agreement, JDA Intelligent Fulfillment and Labor Productivity solutions will be combined with IBM Commerce and Order Management solutions in creating the new technology, which will be available either on premise or in the cloud via SoftLayer, an IBM company. The new integrated solution is expected to launch late spring 2015. International Business Machines Corp. (NYSE:IBM) is trading within a 52-week range of $160.05-199.21.Click here for a free comprehensive Trend Analysis Report

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