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 financial and operating consulting company Huron Consulting Group
So what: Cost-cutting and expense controls led Huron Consulting to a much better quarterly profit than Wall Street had anticipated. Huron reported a quarterly profit of $0.44 on a 17% jump in revenue to $159 million. This compares to consensus estimates of $0.38 on revenue of $149.4 million. The company also narrowed its full-year revenue and earnings guidance to $600 million to $620 million in revenue with GAAP earnings of $1.60 to $1.75 per share. Both of these figures come in slightly ahead of what Wall Street analysts had been expecting.
Now what: Huron and its peers FTI Consulting
Craving more input? Consider adding Huron Consulting Group to your watchlist.
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