The Advisory Board Company (ABCO) reported first-quarter net income of $3.8 million, or $0.11 per share, compared to $3.9 million, or $0.11 per share, for the quarter ended June 30, 2011. Revenue for the quarter increased 30.3% to $104.1 million, from $79.9 million prior year.
Adjusted EBITDA increased 42.7% to $20.2 million, from $14.1 million last year. Adjusted net income increased 34.4% to $11.1 million, or $0.31 per share, from $8.2 million, or $0.24 per share, prior year.
Analysts polled by Thomson Reuters expected the company to report profit of $0.24 per share on revenue of $104.63 million for the quarter. Analysts' estimates typically exclude special items.
The Advisory Board Company updated its revenue guidance for calendar year 2012 to a range of approximately $426 million to $432 million, up from a range of $420 million to $430 million. The company also updated its guidance for calendar year 2012 adjusted EBITDA to a range of approximately $79 million to $82 million, up from a range of $77 million to $82 million.
For calendar year 2012, the company updated its guidance for adjusted earnings per share to a range of approximately $1.20 to $1.25, from a range of $1.20 to $1.30 adjusted for the effects of the company's two-for-one stock split effective June 18, 2012.
Analysts currently expect the company to report profit of $0.99 per share on revenue of $445.81 million for 2012.
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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.