Advisory Board Co. Q3 Profit Down - Quick Facts

(RTTNews) - The Advisory Board Company (ABCO) Thursday reported third-quarter profit of $3.8 million or $0.10 per share, down from $4.6 million or $0.13 per share in the same period last year.

Adjusted net income for the quarter was $9.5 million or $0.26 per share. On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.29 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 13 percent to $131.0 million from $116.2 million last year. Analysts expected revenues of $132.58 million.

Looking ahead to the calendar year 2014, the company currently projects adjusted earnings in the range of $1.18 to $1.30 per share, with revenues ranging between $570 million and $580 million.

Analysts currently expect the company to report full-year earnings of $1.24 per share on revenues of $521.74 million.