Towers Watson & Co. (TW) reported fourth quarter net income of $0.91 per share Tuesday morning, compared to $0.59 per share in the previous year. The consensus estimate was for EPS of $1.24. First quarter EPS is expected to be between $1.05 and $1.10, compared to the consensus estimate of $1.25.
Towers Watson & Co. gapped open lower Tuesday and has dropped sharply in early trade. Shares are now down 6.53 at $52.02 on above average volume. The stock has fallen below a 3-week range and has set a new low for the year.
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