Advisory Board Co. (ABCO) reported third-quarter net income attributable to common stockholders of $4.4 million, or $0.12 per share, compared to $8.1 million, or $0.23 per share in the year-ago quarter.
Adjusted net income for the third quarter was $10.2 million or $0.28 per share, down from $10.5 million or $0.30 per share in the comparable quarter last year.
Revenue for the second quarter increased 18.1% to $116.23 million from $98.46 million a year earlier.
On average, analysts polled by Thomson Reuters expected the company to earn $0.30 per share on revenue of $115.57 million for the third quarter.
For calendar year 2013, the company expects non-GAAP earnings to be in the range of about $1.18 to $1.28 per share and revenue in the range of about $495 million to $505 million. Analysts currently expect earnings of $1.24 per share and revenues of $448.93 million for fiscal 2013.
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