FTI Consulting Q2 Results Top Estimates; Boosts FY24 Outlook

(RTTNews) - Business advisory firm FTI Consulting, Inc. (FCN) reported Thursday that net income for the second quarter increased to $83.95 million or $2.34 per share from $62.40 million or $1.75 per share in the year-ago quarter.

Revenues for the quarter grew 10 percent to $949.16 million from $864.59 million in the same quarter last year.

On average, three analysts polled by Thomson Reuters expect the company to report earnings of $2.02 per share on revenues of $938.67 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2024, the company now projects earnings in a range of $8.10 to $8.60 per share on revenues between $3.70 billion and $3.79 billion. Previously, the company expected earnings in the range of $7.75 to $8.50 per share on revenues between $3.65 billion and $3.79 billion.

The Street is looking for earnings of $8.45 per share on revenues of $3.77 billion for the year.

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