Friday, October 23, 2015

Huron Consulting tops 3Q profit forecasts

The Chicago-based company said it had profit of 86 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.14 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.

The consulting company posted revenue of $209.9 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $231.6 million.

Huron Consulting expects full-year earnings in the range of $3.60 to $3.70 per share, with revenue in the range of $835 million to $850 million.

Huron Consulting shares have fallen 10 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $61.48, a decline of slightly more than 1 percent in the last 12 months.


read more: https://news.yahoo.com/huron-consulting-tops-3q-profit-214738269.html

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