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
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