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Maximus: Fiscal 3Q Earnings Snapshot

August 8, 2019

RESTON, Va. (AP) _ Maximus Inc. (MMS) on Thursday reported fiscal third-quarter net income of $62.9 million.

On a per-share basis, the Reston, Virginia-based company said it had net income of 97 cents.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share.

The government health services provider posted revenue of $730.7 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $756.8 million.

Maximus expects full-year earnings to be $3.70 to $3.75 per share, with revenue in the range of $2.88 billion to $2.9 billion.

Maximus shares have climbed slightly more than 8% since the beginning of the year. The stock has risen slightly more than 7% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MMS at https://www.zacks.com/ap/MMS

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