Booz Allen Hamilton Holding Corp. (BAH) Wednesday reported a decline in profit for the fiscal third quarter, hurt mainly by lower revenues.
Lower demand lead to a reduction in headcount and related billable hours, thereby contributing to a decline in direct labor, said the company.
Net income for the quarter declined to $56.18 million or $0.38 per share from $62.86 million or $0.44 per share in the same period last year.
Adjusted earnings for the period was $59.7 million or $0.41 per share. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.38 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $1.39 billion, down from $1.44 billion last year. Analysts expected revenues of $1.43 billion.
Looking ahead to fiscal 2013, at the bottom line, the company has narrowed its earnings guidance to a range of $1.40 to $1.45 per share. This compares to the previous forecast of $1.40 to $1.50 per share.
Adjusted earnings is currently projected in the range of $1.60 to $1.65 per share, up from $1.60 to $1.70 per share, announced previously. Analysts, based on consensus, currently expect the company to report full-year earnings of $1.63 per share.
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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.