Exponent Profit Rises, Lifts FY Revenue Outlook - Quick Facts

(RTTNews) - Exponent Inc. (EXPO) Tuesday reported second-quarter net income of $10.8 million or $0.77 per share, compared with $10.3 million or $0.72 per share last year.

Revenues before reimbursements increased 5% to $72 million from $68 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.61 per share on revenues of $66.93 million for the quarter.

Including reimbursements, revenues grew to $75.5 million from $74.5 million.

"During the quarter we had notable performances in our mechanical, electrical, thermal sciences, human factors, and chemical regulation and food safety practices, as well as our infrastructure group," said CEO Paul Johnston.

Looking ahead to fiscal year 2013, the company now expects growth in revenues before reimbursements to be in the low single digits. Earlier, it expected revenues on this basis to be about flat with the prior year.

Exponent Inc. provides engineering and scientific consulting services.