Corporate Executive Board Q2 Profit Decreases - Quick Facts

(RTTNews) - The Corporate Executive Board Company (CEB) reported that its second-quarter net income decreased to $13.6 million, or $0.40 per share, from $14.8 million, or $0.44 per share, last year. Adjusted net income was $24.8 million or $0.73 per share in the second quarter of 2013.

On average, six analysts polled by Thomson Reuters expected the company to report profit of $0.70 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue increased 50.8% to $204.6 million from $135.7 million, last year. Analysts expected revenue of $201.91 million for the quarter.

The company reaffirmed its 2013 annual guidance of: adjusted revenue of $825 million to $845 million, revenue of $812 million to $832 million, and Non-GAAP earnings per share of $2.85 to $3.15. Analysts expect the company to report profit per share of $3.04 on revenue of $819.40 million.

The company also announced that its Board has approved a cash dividend on its common stock for the third quarter of 2013 of $0.225 per share.