By Kelly Cloonan
Shares of Bowman Consulting declined after third-quarter revenue missed Wall Street's expectations.
The stock fell 18% to $36.44, on pace for its largest percent decrease in more than a year. Shares are up 46% this year.
The engineering services firm posted a profit of $6.62 million, or 37 cents a share, up from $771,000, or 4 cents a share, a year earlier.
Adjusted earnings per share were 61 cents, ahead of estimates of 46 cents a share according to analysts polled by FactSet.
Organic net revenue rose to $108 million from $101.4 million, missing analyst estimates of $114.8 million.
The increase was led by 11% higher organic revenue in the transportation segment. Revenue also increased in its building infrastructure and power and utilities segments.
Still, the company backed its full-year revenue outlook, guiding for $430 million to $442 million.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
November 06, 2025 14:11 ET (19:11 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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