Exponent, Inc. (NASDAQ: EXPO) reported Q1 EPS of $0.61, $0.13 better than the analyst estimate of $0.48. Revenue for the quarter came in at $84.12 million versus the consensus estimate of $80.8 million.

Business Outlook

“While our first quarter results were better than expected, we continue to expect modest top-line growth due to the adjustment in headcount during the second half of 2016 and market conditions in a few industry sectors. As we previously discussed, we expect 2017 revenues before reimbursements to grow in the low to mid-single digits and EBITDA2 margin to decline by approximately 25 to 75 basis points, as compared to 2016,” commented Richard Schlenker, Executive Vice President and Chief Financial Officer.

“Although our growth will be modest in 2017, our long-term value proposition remains strong. Exponent continues to be retained by a diversified portfolio of marquee clients for engagements spanning a wide range of industry sectors. Our unique multi-disciplinary team provides solutions to improve reliability and safety of technologically complex products and processes. We believe we are well positioned for long-term growth and are committed to delivering value to our clients and stakeholders," concluded Dr. Johnston.

For earnings history and earnings-related data on Exponent, Inc. (EXPO) click here.