Booz Allen Hamilton Q3 Profit Down, Adj. Earnings Meet Estimates - Quick Facts

(RTTNews) - Booz Allen Hamilton Holding Corp. (BAH), the parent company of management and technology consulting firm Booz Allen Hamilton, Inc., Friday reported third-quarter net income of $47.17 million or $0.31 per share, lower than $56.18 million or $0.38 per share in the previous year.

On an adjusted basis, earnings per share for the recent quarter were $0.33 per share, while the company posted $0.41 per share last year.

On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.33 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly revenue declined 8.6 percent to $1.27 billion from $1.39 billion a year ago. Analysts estimated revenues of $1.31 billion for the quarter.

Booz Allen said it is narrowing the range for earnings in line with its previous guidance for fiscal 2014, which now calls for diluted earnings per share in the range of $1.50 to $1.54, and adjusted earnings per share in the range of $1.58 to $1.62.

In addition, the firm projects a mid-single-digit percentage decline in revenue.

Street analysts expect the company to earn $1.65 per share, on revenues of $5.54 billion for the fiscal.

The company also declared a regular quarterly cash dividend of $0.10 per share, and a special dividend of $1.00 per share, both payable on February 28, 2014, to stockholders of record on February 10, 2014.