Why Aecom Stock Crashed to a 52-Week Low This Week
Aecom reported an unexpected loss for its third quarter and lowered its full-year guidance, driving its stock to a 52-week low this week. Despite the setback, the company's backlog reached a record $27.8 billion.
Why it matters — For ACM watchers, the surprising third-quarter loss and reduced full-year outlook mark a notable negative turn in the company's outlook, even as its record backlog suggests sustained underlying demand.