Towers Watson Q2 Profit Rises - Quick Facts

(RTTNews) - Towers Watson (TW)reported second-quarter net income to shareholders of $110.18 million or $1.57 per share, compared to $86.19 million or $1.21 per share, prior year. Adjusted earnings per share from continuing operations were $1.73, for the quarter.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $1.50 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $957.92 million from $888.16 million last year. Analysts expected revenue of $912.61 million for the quarter.

For fiscal 2015, the company continues to expect to report revenues of around $3.6 billion and is increasing expected adjusted earnings per share to the range of $5.90 to $6.00. Analysts expect the company to report fiscal 2015 earnings per share of $5.91 on revenue of $3.62 billion.

For the third quarter, the company expects to report revenues in the range of $890 million to $900 million, reflecting constant currency revenue growth in the mid-single digits, and adjusted earnings per share in the range of $1.46 to $1.51. Analysts expect the company to report third-quarter earnings per share of $1.62 on revenue of $927.03 million.