FTI Consulting Shares Soared: What You Need to Know (FCN)

FTI Consulting Shares Soared: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of FTI Consulting (NYSE: FCN ) soared by as much as 11% today after the company reported quarterly earnings this morning.

So what: Third-quarter revenue hit a record level of $413.8 million and earnings per share came in at $0.70. The numbers destroyed the $385.1 million in sales and $0.61 in earnings per share that the market was expecting and helped send shares higher.

Now what: The business -advisory company saw the biggest growth in its Economic Consulting and Technology segments, which increased 61% and 33%, respectively. The Corporate Finance/Restructuring division was the largest contributor to the quarter's sales and was driven by strength in foreign geographies. During the quarter, the company also completed a $500 million stock-repurchase plan that was authorized in November 2009.

Interested in more info on FTI Consulting? Add it to your watchlist.

The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

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Fool contributor Evan Niu holds no position in any company mentioned. Check out his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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