MAXIMUS Reports Fiscal Year 2020 Second Quarter Results
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MAXIMUS (MMS) Misses Q2 EPS by 39c, Revenues Beat; Reinstates FY20 EPS Guidance Below Consensus, FY20 Revenue Outlook Above Consensus
May 7, 2020 6:35 AM EDTMAXIMUS (NYSE: MMS) reported Q2 EPS of $0.43, $0.39 worse than the analyst estimate of $0.82. Revenue for the quarter came in at $818.1 million versus the consensus estimate of $770.27 million.
Highlights for the second quarter of fiscal year 2020 include:
The Company thanked the entire MAXIMUS team who are working tirelessly to protect employees and ensure continued support of citizens during the pandemicMany core programs that MAXIMUS operates remain essential, and the Company successfully and systematically implemented safe working practices and work-from-home arrangementsSecond quarter revenue increased to $818.1 million driven primarily by the... More