Advisory Board Company Q1 Profit Beats Estimates; Reaffirms 2014 Guidance

(RTTNews) - The Advisory Board Company (ABCO) reported a first-quarter net loss to stockholders of $3.18 million or $0.09 per share, compared to profit of $3.69 million or $0.10 per share, a year ago. Adjusted net income for the quarter ended June 30, 2014 was $11.0 million, or $0.30 per share. On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.29 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $141.82 million from $123.22 million, a year ago. Analysts expected revenue of $141.95 million for the quarter.

The company reaffirmed its previously announced calendar year 2014 guidance for revenue, adjusted EBITDA, and non-GAAP earnings per share. For calendar year 2014, the company expects revenue to be in a range of approximately $570 million to $580 million, adjusted EBITDA to be in a range of approximately $97 million to $103 million, and non-GAAP earnings per share to be in a range of approximately $1.14 to $1.25.