FTI Consulting Q2 Results Top Estimates; Boosts FY24 Outlook

RTTNews | 95 days ago
Stocktwits
FTI Consulting Q2 Results Top Estimates; Boosts FY24 Outlook

(RTTNews) - Business advisory firm FTI Consulting, Inc. (FCN) reported Thursday that net income for the second quarter increased to $83.95 million or $2.34 per share from $62.40 million or $1.75 per share in the year-ago quarter.

Revenues for the quarter grew 10 percent to $949.16 million from $864.59 million in the same quarter last year.

On average, three analysts polled by Thomson Reuters expect the company to report earnings of $2.02 per share on revenues of $938.67 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2024, the company now projects earnings in a range of $8.10 to $8.60 per share on revenues between $3.70 billion and $3.79 billion. Previously, the company expected earnings in the range of $7.75 to $8.50 per share on revenues between $3.65 billion and $3.79 billion.

The Street is looking for earnings of $8.45 per share on revenues of $3.77 billion for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: FCN
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UK Consumers Held Back Spending Ahead Of Autumn Budget - CBI Survey

UK Consumers Held Back Spending Ahead Of Autumn Budget - CBI Survey

British retailers saw sales volumes decline in October as consumers hesitated to spend due to the uncertainty surrounding the new chancellor Rachel Reeves' budget later this week, results of a survey by the Confederation of British Industry showed on Monday.
RTTNews | 7h 4min ago
UK Business Confidence Sinks To 4-month Low Ahead Of Budget

UK Business Confidence Sinks To 4-month Low Ahead Of Budget

Confidence among U.K. employers fell to its lowest in four months in October as they adopted a cautious stance ahead of the first budget presentation by the new chancellor Rachel Reeves later this week, results of a survey showed Monday. The Lloyds Business Barometer fell three points to 44 percent, the lowest score since June, the survey that covered 1,200 companies between October 1 - 15 showed.
RTTNews | 7h 31min ago
Election, Economy, Escalation And Expectations Enhance Dollar's Appeal

Election, Economy, Escalation And Expectations Enhance Dollar's Appeal

Uncertainty surrounding the presidential election in the U.S., data underscoring the resilience of the U.S. economy, the escalation in geopolitical tensions in the Middle East as well as the sobering rate cut expectations boosted the U.S. dollar during the week ended October 25.
RTTNews | 8h 15min ago
Target Cuts Thanksgiving Meal Price, Offers Free Frozen Pizza

Target Cuts Thanksgiving Meal Price, Offers Free Frozen Pizza

Target Corp. announced it is lowering the price of its Thanksgiving meal by $5 than last year's offering. At $20, the retail major's popular Thanksgiving meal featuring turkey, stuffing and five additional side dishes can feed four people. In addition, between November 13 and 16, Target is offering a free frozen pizza with a same-day delivery order for all members of the Target Circle 360.
RTTNews | 9h 39min ago
Sensex, Nifty Snap Five-day Losing Streak

Sensex, Nifty Snap Five-day Losing Streak

Indian shares rose notably on Monday as concerns over Middle East tensions eased and private sector lender ICICI Bank posted robust Q2 numbers.
RTTNews | 11h 6min ago
Philips Cuts FY24 Sales View On Weak China Demand; Shares Hit

Philips Cuts FY24 Sales View On Weak China Demand; Shares Hit

Shares of Philips N.V. were losing around 17 percent in the morning trading in Amsterdam as well as in pre-market activity on the NYSE, after the Dutch consumer electronics giant trimmed its comparable sales growth view for fiscal 2024 after reporting weak sales and orders and flat comparable sales in its third quarter. The sales mainly were hit by further deteriorated demand in China.
RTTNews | 11h 21min ago
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