FTI Consulting (FCN) Misses Q2 EPS by 12c

FTI Consulting (NYSE: FCN) reported Q2 EPS of $0.40, $0.12 worse than the analyst estimate of $0.52. Revenue for the quarter came in at $444.7 million versus the consensus estimate of $455.54 million.

2017 Guidance

The Company reaffirms its full year 2017 revenue guidance of between $1.775 billion and $1.875 billion. Given the special charge in the second quarter of 2017, the Company is revising its full year 2017 GAAP EPS guidance. The Company now estimates that full year 2017 GAAP EPS will range between $1.37 and $1.67. This compares to the previous GAAP EPS guidance range of between $1.75 and $2.10. The Company is maintaining its full year 2017 Adjusted EPS guidance of between $1.90 and $2.20. The variance between GAAP EPS and Adjusted EPS guidance for full year 2017 is related to the second quarter 2017 special charge of $30.1 million, or $0.52 per share, resulting from headcount reductions, the Company’s Washington, D.C., office relocation and other costs related to the disposal or closure of several small international offices.

For earnings history and earnings-related data on FTI Consulting (FCN) click here.

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