AP NEWS

Hackett Group: 3Q Earnings Snapshot

November 6, 2018

MIAMI (AP) _ The Hackett Group Inc. (HCKT) on Tuesday reported third-quarter net income of $5.2 million.

The Miami-based company said it had net income of 16 cents per share. Earnings, adjusted for one-time gains and costs, came to 27 cents per share.

The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 27 cents per share.

The consulting company posted revenue of $73.8 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $73.7 million.

For the current quarter ending in December, Hackett Group expects its per-share earnings to range from 25 cents to 27 cents.

The company said it expects revenue in the range of $61.5 million to $63.5 million for the fiscal fourth quarter.

Hackett Group shares have increased 45 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $22.76, an increase of 52 percent in the last 12 months.

_____

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

AP RADIO
Update hourly