11/17/2009 - Jacobs Engineering (NYSE:JEC) shares fell 14.6% after the company issued profit guidance for fiscal 2010 that was short of analysts estimates, according to an AP report. The company reported that its Q4 profit fell 31% and sales dropped 20% and issued guidance of $2 to $2.60 per share for fiscal 2010, vs. the consensus estimates of $2.83 per share. A Baird analyst, Andrea E. Wirth, said in a note to investors that project cancellations valued at $320 million helped to shrink backlog of contracts by 4% over the quarter to $15.2 billion.

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