Huron Consulting Lifts FY Outlook, Shares Up

(RTTNews) - Huron Consulting Group Inc. (HURN), Tuesday lifted its financial outlook for the full year 2013, sending its shares up five percent in extended hours.

The company now expects full-year earnings from continuing operations of $2.88 to $2.92 per share, adjusted earnings of $2.92 to $2.96 and revenues before reimbursable expenses of $718.0 million to $720.5 million.

Analysts polled by Thomson Reuters currently estimate earnings of $2.68 per share on revenues of $694.96 million for the year. Analysts' estimates typically exclude one-time items.

Earlier, the company expected earnings of $2.55 to $2.67 per share adjusted earnings of $2.60 to $2.72 per share and $685.0 million to $700.0 million.

The preliminary unaudited results significantly exceeded the high end of the company's guidance primarily as a result of higher than expected performance-based fees in the Huron Healthcare segment.