By Dean Seal
Booz Allen Hamilton lifted full-year guidance after strong revenue gains boosted earnings in the fiscal third quarter.
The McClean, Va., consulting firm posted a profit of $187 million, or $1.45 a share, compared with $145.6 million, or $1.11 a share, in the same quarter a year ago.
Stripping out one-time items, adjusted earnings were $1.55 a share. Analysts polled by FactSet had been expecting $1.52 a share.
Revenue jumped 13.5% to $2.92 billion, clearing analyst forecasts for $2.87 billion.
The firm said it saw growth across all of its markets and bumped up guidance for the full fiscal year, which ends March 31.
Booz Allen now expects revenue to rise 12% to 13% in fiscal 2025, lifting the 11% floor of its prior outlook.
Adjusted earnings are now expected to hit $6.25 to $6.40 a share for the year, up from an outlook for $6.10 to $6.30 a share. Analysts had been already projecting it to hit the previous high end at $6.30 a share.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
January 31, 2025 07:20 ET (12:20 GMT)
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