Jacobs Engineering Group Inc. reported net income for the third quarter of $50.6 million (84 cents per share), up from $36.6 million (62 cents) for the same period a year earlier. Revenues for the Pasadena-based engineering services and consulting firm rose 33% to $1.93 billion.
The company pointed to rising demand for infrastructure construction both in the U.S. and Europe as key reasons for the solid quarterly performance. Jacobs gained 9 percent in trading Tuesday and closed at $78.25.
