Aecom Technology Corporation (NYSE:ACM) said today it has completed the safe withdrawal of its expatriate employees and their families from Libya.
The professional technical and management support services provider has been the program manager for the Libya Housing and Infrastructure Board’s program to modernize the country’s infrastructure since 2008.
Aecom said due to the uncertainty in Libya, it cannot determine whether the project will continue.
It expects the disruption to reduce earnings per share by $0.08 in the second quarter of 2011.
However, full-year guidance for 2011 is unchanged at $2.25 to $2.35 per share.
Aecom shares are trading up over .4% Wednesday.
Stocks are broadly being impacted by the unrest in Libya as oil continues to trade above $100 per barrel, putting a damper on the stock market.
The DB Oil Fund (NYSE:DBO) is trading up over .1% Wednesday.
The Energy Select Sector SPDR (NYSE:XLE) is trading down over .3%, on the back of top stocks Exxon (NYSE:XOM), trading down over .7% today, and Chevron (NYSE:CVX), trading up .4%.
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