Booz Allen: Fiscal Q1 Earnings Snapshot

Associated Press Finance
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MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Booz Allen Hamilton Holding Corp. (BAH) on Friday reported fiscal first-quarter earnings of $161.4 million.

The McLean, Virginia-based company said it had net income of $1.22 per share. Earnings, adjusted for one-time gains and costs, came to $1.47 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.

The defense contractor posted revenue of $2.65 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $2.5 billion.

Booz Allen expects full-year earnings in the range of $4.80 to $4.95 per share.

Booz Allen shares have climbed 9% since the beginning of the year. The stock has climbed 21% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BAH at https://www.zacks.com/ap/BAH

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