Maximus Inc (MMS) reported earnings for first quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line totaled $40.0 million, or $0.65 per share. This compares with $53.3 million, or $0.85 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 8.7% to $1.25 billion from $1.15 billion last year.
Maximus Inc earnings at a glance (GAAP) :
-Earnings (Q1): $40.0 Mln. vs. $53.3 Mln. last year.
-EPS (Q1): $0.65 vs. $0.85 last year.
-Analyst Estimates: $0.76
-Revenue (Q1): $1.25 Bln vs. $1.15 Bln last year.
-Guidance:
Full year EPS guidance: $4.00-$4.30
Full year revenue guidance: $4.85-$5.0 bln
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