Advisory Board Q2 Profit Rises - Quick Facts

(RTTNews) - The Advisory Board Co. (ABCO) Monday reported second-quarter profit of $9.0 million or $0.24 per share, up from $7.5 million or $0.21 per share in the same period last year.

Adjusted earnings for the quarter was $11.4 million or $0.31 per share. On average, 13 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 16 percent to $128.3 million from $110.8 million last year. Analysts expected revenues of $127.96 million.

Looking ahead to the fiscal 2013, the company continues to project earnings in the range of $1.15 to $1.25 per share, with revenues ranging between $500 million and $505 million. Analysts currently expect the company to report full-year earnings of $1.25 per share on revenues of $521.11 million.