Navigant Q1 Profit Matches View; Affirms FY18 Outlook - Quick Facts

(RTTNews) - Navigant Consultant Inc. (NCI) reported an increase in profit for the first quarter on higher revenues. Adjusted earnings per share for the quarter matched analysts' estimates. In addition, the company affirmed its financial outlook for fiscal 2018.

First-quarter net income was $11.9 million or $0.25 per share, up from $11.1 million or $0.23 per share in the same period last year.

Adjusted earnings per share for the quarter were $0.30, compared to $0.27 in the year-ago period.

Revenue for the quarter grew 3 percent to $264.5 million from $257.8 million in the year-ago period.

On average, analysts polled by Thomson Reuters expected the company to earn $0.30 per share for the quarter on revenues of $233.79 million. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2018, Navigant affirmed its outlook for adjusted earnings per share between $1.26 and $1.44, and total revenues between $1.030 billion and $1.065 billion.

The Street expects earnings of $1.30 per share for the year on revenues of $949.16 million.