Towers Watson & Co. (TW) said its net income attributable to controlling interests for the fourth quarter rose to $65 million or $0.91 per share from $44 million or $0.59 per share in the same quarter a year earlier.
Quarterly revenues dropped to $826 million from $851 million in the comparable quarter a year ago.
Analysts polled by Thomson Reuters expected the company to earn $1.24 per share on revenues of $868.08 million for the quarter. Analysts' estimates typically exclude special items.
Going ahead, for the first quarter of fiscal 2013, the company expects to report revenues in the range of $805 million to $825 million, reflecting constant currency revenue growth in the range of 2% to 4%, and adjusted earnings per share in the range of $1.05 to $1.10. Analysts expect the company to earn $1.25 per share on revenues of $852.13 million for the quarter.
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