Corporate Executive Board (EXBD) Tops Q3 EPS by 13c; Guides Above for FY
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The Corporate Executive Board Company (NASDAQ: EXBD) reports Q3 EPS of $0.41 vs. consensus of $0.28. Revenues decreased 25.0% to $106.8 million vs. $103.85 million consensus.
The Company is updating its 2009 guidance and now expects revenues ranging from $430 to $440 million, non-GAAP diluted earnings per share of $1.40 to $1.50, depreciation and amortization expense of $22.5 to $23.5 million and an Adjusted EBITDA margin of between 23.0% and 24.0%. (Consensus is $433.25M and $1.34, respectively)
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