Booz Allen Shares Falter Premarket After Guidance Misses Views

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By Robb M. Stewart

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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.

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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]

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Credit: www.marketwatch.com /

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