Towers Watson Q3 Profit From Cont. Ops. Rises - Quick Facts

(RTTNews) - Towers Watson (TW), a global professional services company, reported third-quarter income from continuing operations of $104.36 million or $1.49 per share, compared to $101.91 million or $1.39 per share, prior year. Adjusted earnings per share from continuing operations was $1.63, for the quarter.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $1.50 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $920.71 million from $904.83 million last year. Analysts expected revenue of $902.15 million for the quarter.

"Healthcare and pension consulting as well as pension administration drove revenue growth in the Benefits segment. Talent and Rewards delivered its strongest quarter in almost four years due to the high level of global M&A activity, and Exchange Solutions continued to exceed expectations, as demand for retiree exchange and healthcare administration remained strong," said John Haley, Towers Watson's CEO.

For fiscal 2015, the company continues to expect to report revenues of approximately $3.6 billion. The company now expects adjusted earnings per share to the range of $6.03 to $6.10. Analysts expect the company to report fiscal 2015 earnings per share of $5.96 on revenue of $3.62 billion.