Huron Consulting: 2Q Earnings Snapshot
CHICAGO (AP) _ Huron Consulting Group Inc. (HURN) on Tuesday reported second-quarter net income of $5.4 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Chicago-based company said it had net income of 25 cents. Earnings, adjusted for amortization costs and non-recurring costs, were 58 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
The consulting company posted revenue of $218.3 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $185.3 million.
Huron Consulting expects full-year earnings in the range of $2 to $2.20 per share, with revenue in the range of $755 million to $775 million.
Huron Consulting shares have risen roughly 8 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $43.65, a climb of 23 percent in the last 12 months.