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Maximus: Fiscal 2Q Earnings Snapshot

RESTON, Va. (AP) _ Maximus Inc. (MMS) on Thursday reported fiscal second-quarter earnings of $61.9 million.

The Reston, Virginia-based company said it had profit of 96 cents per share. Earnings, adjusted for amortization costs, were $1.07 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.

The government health services provider posted revenue of $736.5 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $766.2 million.

Maximus expects full-year earnings to be $3.65 to $3.75 per share, with revenue in the range of $2.93 billion to $2.95 billion.

Maximus shares have increased 11% since the beginning of the year. The stock has risen 6% in the last 12 months.


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