MAXIMUS Q2 Profit Beats Estimates; Lifts FY14 Guidance - Quick Facts

(RTTNews) - MAXIMUS (MMS) reported second-quarterincome from continuing operations, net of taxes, of $41.2 million, or $0.59 per share. Adjusted earnings per share also totaled $0.59. Income from continuing operations was $31.7 million, or $0.45 per share, for the same period last year.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.56 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $439.01 million from $326.35 million. Analysts expected revenue of $432.35 million for the quarter.

The company increased its fiscal 2014 revenue and earnings guidance. The company now expects revenue to range between $1.68 billion and $1.73 billion, an increase from the prior range of $1.60 billion to $1.68 billion. MAXIMUS now expects earnings per share from continuing operations to range between $2.00 and $2.10, an increase from the prior range of $1.95 to $2.05. Analysts expect the company to report fiscal 2014 profit per share of $2.02 on revenue of $1.66 billion.