Towers Watson & Co. Q4 Profit Rises; Issues Q1 Guidance - Quick Facts

(RTTNews) - Towers Watson & Co. (TW) reported that its fourth-quarter net income attributable to controlling interests increased to $82.88 million or $1.16 per share, from $65.34 million or $0.91 per share, last year. Adjusted earnings per share was $1.36 for the quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $1.27 for the quarter. Analysts' estimates typically exclude special items.

Revenue rose to $875.32 million, from $826.16 million last year. Analysts expected revenue of $874.89 million for the quarter. On an organic basis, which excludes the impact of changes in foreign currency exchange rates, acquisitions and divestitures, revenues increased 4% from the prior-year fourth quarter.

For the first quarter of fiscal 2014, the company expects to report revenues in the range of $850 million to $870 million, and adjusted earnings per share in the range of $1.15 to $1.20. Analysts expect the company to report first-quarter profit per share of $1.20 on revenue of $869.14 million.