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Jacobs Engineering (JEC) Climbs Amid Cost-Cutting and Trump Expectations

Shares of engineering and construction firm Jacobs Engineering Group (JEC) were trading at $60.76 Wednesday afternoon, about 5.5% higher since Tuesday morning as the company rides a wave of expectations for future investment in infrastructure by President-Elect Donald Trump.

Jacobs released its fourth-quarter earnings before the market opened yesterday and investors showed confidence that the Dallas company's restructuring and cost-cutting efforts will pay off. Jacobs reported earnings per share of 77 cents on about $2.64 billion...


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