By Robb M. Stewart
Booz Allen Hamilton Holding Corp. Friday after its earnings guidance for the new fiscal year fell short of expectations.
Before the opening bell, the stock was 2.9% lower after ending the previous session at $80.84, down 4.7% so far this year.
The parent of management and technology consulting and engineering-services company Booz Allen Hamilton Inc. on Friday said it expects adjusted per-share earnings of $4.15 to $4.45 for the fiscal year to March 31, below the $4.56 consensus forecast of analysts polled by FactSet.
The company said revenue for the fiscal year is expected to grow between 5% and 9%, after advancing by 13% in the final quarter of fiscal 2022.
Booz Allen recorded fourth-quarter adjusted per-share earnings of 86 cents, just ahead of the 85 cents expected by analysts.
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Revenue rose to $2.24 billion in the three months, from $1.98 billion a year earlier, slightly above the $2.21 billion forecast by analysts.
Write to Robb M. Stewart at [email protected]
Credit: www.marketwatch.com /