Hewitt Associates expects to top forecasts for '08

By Associated Press
May 5, 2008
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After reporting profit tripled in the fiscal second quarter, Hewitt Associates Inc. on Monday issued a profit forecast for 2008 topping analysts' expectations.

The consultant and outsourcer expects to earn $1.85 per share to $1.95 per share this year, higher than its previous forecast for profit of $1.70 per share to $1.80 per share. Analysts on average expect a profit of $1.89 per share, according to Thomson Financial.

The company also expects "mid-to-high-single-digit" revenue growth. Analysts' forecast for revenue implies growth of 6 percent.
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