The Advisory Board Co. (ABCO) Wednesday said its profit for the fourth quarter increased, driven mainly by a surge in revenues.
The Washington-based company reported fourth-quarter net profit of $8.17 million or $0.46 per share, compared to $5.11 million or $0.30 per share last year.
Adjusted net income for the quarter rose to $11.05 million or $0.62 per share from $7.28 million or $0.43 per share in the prior-year quarter.
For the quarter, income from continues operations increased to $6.06 million or $0.36 per share from $5.0 million or $0.29 per share in the similar quarter last year.
On average, six analysts polled by Thomson Reuters expected the company to earn $0.46 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter grew 32.9 percent to $100.48 million from $75.58 million in the prior-year quarter. Six analysts had a consensus revenue estimate of $102.19 million for the quarter.
Looking ahead, the company reaffirmed its full-year 2012 adjusted earnings guidance range of $2.40 to $2.60 per share. The company continues to anticipate revenues for the year in a range of $420 million to $430 million. Analysts currently expect the company to earn $1.78 per share for the year, with revenues of $374.47 million.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.