Corporate Executive Board Co. (CEB) Wednesday reported first-quarter profit of $11.2 million or $0.33 per share, down from $15.6 million or $0.46 per share in the same period last year.
Adjusted earnings for the quarter was $22.7 million or $0.67 per share. On average, six analysts polled by Thomson Reuters expected the company to earn $0.64 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues grew 48.1 percent to $190.3 million from $128.5 million last year. Analysts expected revenues of $192.20 million.
Looking ahead to the fiscal year 2013, the company continues to target
earnings in the range of $2.85 to $3.15 per share. Revenues are expected to range between $812 million and $832 million, with adjusted revenues in the order of $825 million to $845 million.
Analysts currently expect the company to report full-year earnings of $3.01 per share on revenues of $824.90 million.
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