By Denny Jacob
Booz Allen Hamilton posted revenue growth that came in below expectations in its latest quarter while its guidance for the current fiscal year also underwhelmed, sending its stock lower before the bell.
The consulting firm on Friday said it recorded net income of $193 million, or $1.52 a share, for the fourth quarter ended March 31, up from $128 million, or 98 cents a share, in the prior-year period.
Stripping out certain one-time items, adjusted earnings were $1.61 a share, matching analysts' estimates.
Revenue rose to $2.97 billion from $2.77 billion. Analysts polled by FactSet expected $3.03 billion.
"We are using our leading positions in [artificial intelligence] and the advanced technology ecosystem to accelerate the administration's priorities," said Chief Executive Horacio Rozanski.
The McLean, Va., company has found itself in the crosshairs of the Trump administration, which has sought to cut federal contracts. Booz Allen generates nearly all its annual revenue from contracts in which the end client is a U.S. government agency or department.
Booz Allen forecast fiscal 2026 revenue between $12 billion and $12.5 billion, as well as adjusted earnings per share of between $6.20 and $6.55. Analysts polled by FactSet expected $12.82 billion in revenue and $6.88 a share in adjusted earnings.
Shares lost 12% to $114.25 in premarket trading. The stock was up about 0.3% on the year as of Thursday's close.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
May 23, 2025 07:25 ET (11:25 GMT)
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