Advisory Board Company Q1 Profit Decreases - Quick Facts

(RTTNews) - The Advisory Board Company (ABCO) reported that its first-quarter net income attributable to stockholders decreased to $3.7 million, or $0.10 per share, from $3.8 million, or $0.11 per share, last year. Adjusted net income for the quarter ended June 30, 2013 was $11.4 million, or $0.31 per share.

On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.29 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased 18.3% to $123.2 million, from $104.1 million last year. Analysts expected revenue of $121.93 million for the quarter.

The company updated its revenue guidance for calendar year 2013 to a range of approximately $500 million to $505 million, from a previous range of $495 million to $505 million.

The company also updated its guidance for calendar year 2013 non-GAAP earnings per share to reflect the impact of the recent acquisition. The company now expects calendar year 2013 non-GAAP earnings per share to be in a range of approximately $1.15 to $1.25, from a previous range of $1.18 to $1.28.

Analysts expect the company to report fiscal 2013 profit per share of $1.30 on revenue of $520.87 million.