Corporate Executive Board (CEB) Tops Q3 EPS by 18c; Updates Guidance

Corporate Executive Board (NYSE: CEB) reported Q3 EPS of $1.05, $0.18 better than the analyst estimate of $0.87. Revenue for the quarter came in at $229 million versus the consensus estimate of $226.9 million.

Corporate Executive Board sees FY2014 EPS of $3.25-$3.45, versus the consensus of $3.25. Corporate Executive Board sees FY2014 revenue of $915-925 million, versus the consensus of $916.87 million.

“During the third quarter we saw solid performance in all of our markets and businesses,” said Tom Monahan, Chairman and CEO. “Our current momentum sustains our revenue outlook, and we are raising our profit expectations for the year. With leverage now in our target range, we also continued to ramp into a programmatic approach to stock repurchase to complement our healthy dividend. Most importantly, our teams are well-positioned to drive strong outcomes as we enter our vital fourth-quarter selling season

For earnings history and earnings-related data on Corporate Executive Board (CEB) click here.

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