logo
Share SHARE
FONT-SIZE Plus   Neg

Huron Consulting Group Q1 Profit Falls - Quick Facts

Huron Consulting Group (HURN) reported first-quarter net income of $0.9 million or $0.04 per share, falling from $4.1 million or $0.19 per share last year.

Net income from continuing operations was $0.6 million or $0.03 per share, compared to $3.5 million or $0.16 per share in the prior year quarter.

Excluding items, adjusted earnings from continuing operations was $3.0 million or $0.13 per share, compared to $6.2 million or $0.29 per share a year ago.

On average, 7 analysts polled by Thomson Reuters expected earnings of $0.35 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter rose to $152.4 million from $148.5 million a year ago.

Looking ahead, the company affirmed its guidance for the full year 2012 wherein it expects earnings per share in the range of $1.80 to $2.05 and non-GAAP earnings in the range of $2.25 to $2.50 per share.

The company also affirmed its expectation of revenue before reimbursable expenses to be in the range of $620.0 million to $660.0 million.

Analysts currently expect earnings of $2.18 per share and revenues of $655.44 million for the full year 2012 .

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Bank of Nova Scotia or otherwise known as Scotiabank, Friday reported lower net profit for the third quarter, in the absence of a year-ago gain. Earnings per share, however, came in line with the Street view. Further, the company said it raised its quarterly dividend by 2 cents. Non-traditional discount and variety stores operator Big Lots Inc. (BIG) Friday reported a decline in net profit for the second quarter, while net sales grew 1.2 percent from the prior year. Comparable sales for the quarter increased 2.8 percent. Google has rejected the European Union's charges that it abused its market power and the demanded that it change the way it ranks online comparison shopping services in its search results, setting up a potentially long legal battle with the EU regulator empowered to levy billions of euros in fines
comments powered by Disqus
RELATED NEWS
Trade HURN now with 
Follow RTT