Huron Consulting: 2Q Earnings Snapshot
Posted July 30, 2020 5:28 pm.
Last Updated July 30, 2020 5:38 pm.
This article is more than 5 years old.
CHICAGO (AP) _ Huron Consulting Group Inc. (HURN) on Thursday reported second-quarter profit of $13.5 million.
On a per-share basis, the Chicago-based company said it had net income of 61 cents. Earnings, adjusted for one-time gains and costs, came to 68 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The consulting company posted revenue of $220.8 million in the period. Its adjusted revenue was $217.9 million, which also beat Street forecasts. Three analysts surveyed by Zacks expected $190.2 million.
Huron Consulting expects full-year earnings in the range of $1.50 to $1.80 per share, with revenue in the range of $820 million to $860 million.
Huron Consulting shares have declined 36% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $44.16, a decline of 19% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HURN at https://www.zacks.com/ap/HURN
The Associated Press
