Why Aecom Group Earnings Made the Stock Drop

Aecom stock tumbled 9.6% after reporting a $0.50 per share loss instead of the expected $1.51 profit in fiscal Q3 2026. Despite revenue of $3.6 billion (80% above expectations), the company was unprofitable due to a $337 million pre-tax charge related to a 2019 construction management contract. Free cash flow also declined 79% year-over-year to $55 million.