Huron Consulting Profit Tops Estimate

(RTTNews) - Huron Consulting Group Inc (HURN) Tuesday reported first-quarter net earnings of $34 million or $1.48 per share compared with $11.3 million or $0.50 per share last year.

Excluding items, adjusted earnings from continuing operations for the quarter were $25.5 million or $1.10 per share compared with $11.6 million or $0.51 per share a year ago.

Revenues for the quarter were $229.8 million compared with $179.4 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.60 per share on revenues of $184.6 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal year 2014, the company still expects adjusted earnings from continuing operations of $3 to $3.20 per share and revenues of $765 million to $795 million.

The company now expects 2014 net earnings from continuing operations of $3.20 to $3.40 per share, up from prior guidance of $2.80 to $3.00 per share, to reflect a one-time tax benefit.

Analysts expect earnings of $3.18 per share on revenues of $785.6 million.