By Nicholas G. Miller
Booz Allen Hamilton raised its profit outlook for the fiscal year as its cost-cutting efforts, prompted by the Trump administration's cuts to government-contract funding for consultants, begin to boost its bottom line.
The company on Friday reported third-quarter net income of $200 million, or $1.63 a share, up from $187 million, or $1.45 a share, the year prior.
Adjusted earnings were $1.77 a share. Analysts polled by FactSet expected $1.29 a share.
Revenue fell 10% to $2.62 billion. Wall Street expected $2.75 billion.
The company boosted its fiscal-year adjusted-earnings guidance to $5.95 to $6.15 a share, up from its previous forecast of $5.45 to $5.65 a share. It updated its revenue outlook to $11.3 billion to $11.4 billion, compared with its previous forecast of $11.3 billion to $11.5 billion. Analysts see fiscal-year revenue of $11.4 billion and adjusted earnings of $5.62 a share.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
January 23, 2026 07:03 ET (12:03 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.