Navigant Q3 Profit Declines, Affirms FY17 Outlook - Quick Facts

(RTTNews) - Navigant Consultant Inc. (NCI) reported a decline in profit for the third quarter as an increase in revenues was more than offset by higher costs and expenses.

Third-quarter net income was $11.9 million or $0.25 per share, down from $17.2 million or $0.35 per share in the same period last year.

Adjusted earnings per share for the quarter were $0.30, compared to $0.37 in the year-ago period.

Revenue for the quarter grew 2 percent to $262.3 million from $261.4 million in the year-ago period.

Looking ahead to fiscal 2017, Navigant affirmed its revised 2017 financial outlook, provided in conjunction with its second quarter 2017 earnings release.

Full-year 2017 revenue before reimbursements or RBR is expected to range between $955 million and $980 million, while total revenue is forecast between $1.04 billion and $1.065 billion. The company also affirmed its forecast for full-year adjusted earnings per share between $1.19 and $1.29.