By Chris Wack
Shares of Huron Consulting Group were trading 18% higher at $147.79, after the company reported fourth-quarter earnings and adjusted earnings that beat analysts' expectations.
The professional services firm said it had quarterly earnings of $34 million, or $1.84, compared with $2.8 million, or 15 cents a share, in the same quarter last year. Analysts polled by FactSet were looking for earnings of $26.9 million, or $1.40 a share.
Adjusted earnings for the quarter were $1.90 a share, compared with the $1.52 a share analysts were expecting.
Revenue before reimbursable expenses for the quarter was $388.4 million, compared with last year's $339.2 million and the $378.5 million analysts were looking for.
The company said revenue growth was highlighted by 19% growth in their Consulting and Managed Services capability, and 8.6% growth in the Digital capability.
For 2025, Huron said it is expecting revenue before reimbursable expenses of $1.58 billion to $1.66 billion, while analysts are expecting $1.615 billion. The company is also expecting adjusted earnings of $6.80 to $7.60 a share, while analysts are forecasting $7.14 a share.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
February 26, 2025 12:39 ET (17:39 GMT)
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