EA profit drops

EA Engineering, Science and Technology Inc., a Baltimore-based consulting company, has reported an 85 percent drop in profit for its fourth quarter ending Aug. 31.

EA earned $60,000, or 2 cents a share, on revenue of $11.2 million, compared with $416,000, or 17 cents a share, on revenue of $9.8 million.

For the year, the profit was $609,000, or 25 cents a share, on revenue of $41 million compared with $1.2 million, or 47 cents a share, on revenue of $33.3 million in 1989.

Chairman and president Loren D. Jensen blamed the drop on higher costs associated with additional hiring and project cost overruns.