FTI Consulting (FCN) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS

FTI Consulting (NYSE:FCN) released its earnings data on Thursday. The company reported $0.58 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.60 by $0.02, Analyst Ratings Network.com reports. The company had revenue of $414.60 million for the quarter, compared to the consensus estimate of $413.09 million. During the same quarter last year, the company posted $0.60 earnings per share. FTI Consulting’s revenue was up 4.6% compared to the same quarter last year. FTI Consulting updated its FY13 guidance to $2.10-2.20 EPS.

On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of FTI Consulting in a research note to investors on Wednesday, May 29th. They now have a $39.00 price target on the stock.

Shares of FTI Consulting (NYSE:FCN) traded down 10.54% during mid-day trading on Thursday, hitting $33.27. FTI Consulting has a 52 week low of $23.28 and a 52 week high of $39.14. The stock’s 50-day moving average is currently $35.67. The company’s market cap is $1.311 billion.

FTI Consulting, Inc (NYSE:FCN) is a global business advisory firm.