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Towers Watson & Co
TW reported a 27% rise in its fiscal fourth-quarter earnings.
Towers Watson's quarterly profit surged to $82.9 million, or $1.16 per share, from $65.3 million, or $0.91 per share, in the year-ago period. Excluding one-time items, its adjusted earnings came in at $1.36 per share.
Its revenue rose 6% to $875.3 million. The company in May expected adjusted earnings of $1.23 to $1.28 per share on revenue of $870 million to $890 million.
Towers Watson's operating margin widened to 14.2% from 11.7%.
Towers Watson shares closed at $87.07 yesterday.
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