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Huron Consulting profit misses estimates, sees strong full year
July 25, 2012 / 8:40 PM / 5 years ago

Huron Consulting profit misses estimates, sees strong full year

July 25 (Reuters) - Huron Consulting Group Inc posted second-quarter results that fell way below analysts’ estimates as its health and education consulting segment underperformed, but the company forecast a better-than-expected full year.

The company’s net income from continuing operations fell to $6.3 million, or 28 cents per share, from $9.2 million, or 43 cents per share, a year earlier.

Revenue fell 5 percent to $144.7 million.

Analysts had expected a profit of 47 cents per share on revenue of $154 million, according to Thomson Reuters I/B/E/S.

The company forecast full-year revenue before reimbursable expenses to be between $630 million to $650 million and adjusted profit of $2.30 to $2.45 per share.

Analysts were looking for a profit of $2.21 per share on revenue of $635.7 million.

Shares of the company closed at $31.09 on the Nasdaq on Wednesday. (Reporting by Anil D‘Silva; Editing by Sriraj Kalluvila)

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