Advisory Board Profit Tops Estimate; Lifts FY Adj. EPS Guidance

(RTTNews) - Advisory Board Co (ABCO) Thursday reported second-quarter net earnings of $6.5 million or $0.18 per share compared with $9 million or $0.24 per share last year.

Excluding items, adjusted earnings for the quarter were $0.43 per share compared with $0.31 per share a year ago.

Revenues for the quarter were $144 million compared with $128 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.29 per share on revenues of $146.4 million for the quarter. Analysts' estimates typically exclude special items.

For the calendar year 2014, the company now expects earnings of $1.27 to $1.32 per share on revenues of $570 million to $575 million. It earlier expected earnings of $1.14 to $1.25 per share on revenues of $570 million to $580 million.

Analysts expect earnings of $1.24 per share on revenues of $598 million.

ABCO is a technology, research, and services company providing a cloud-based performance platform for the health care and higher education industries.