Booz Allen Hamilton Beats Q2 Expectations

reported better-than-expected results for its fiscal second quarter on Wednesday. The McLean, Virginia-based company posted quarterly net income of $56.2 million, or $0.37 per share, compared to $65.3 million, or $0.42 per share, in the year-ago period. Excluding items, the company's earnings came in at $0.39 per share. Its revenue gained 1.3 percent year-over-year to $1.32 billion. However, analysts were expecting earnings of $0.35 per share on revenue of $1.26 billion. The average estimate among 5 Estimize users was for earnings of $0.36 per share and revenue of $1.27 billion. Adjusted EBITDA margin narrowed to 9.4 percent, from 10.6 percent in the year-ago period. Adjusted operating income slipped to $109.9 million from $123.0 million. "We had a very strong second quarter," said Horacio Rozanski, President and Chief Executive Officer. "Our team's great success in winning new business affirms our long-term strategy to achieve sustainable, quality growth by providing our clients with superior people, capabilities, and mission knowledge so that we solve their toughest problems and advance their most important missions." For the full year, Booz Allen projects adjusted earnings of $1.60 to $1.70 per share. Booz Allen shares fell 0.25 percent to close at $27.64 yesterday.