MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Booz Allen Hamilton Holding Corp. (BAH) on Friday reported fiscal fourth-quarter net income of $128 million, after reporting a loss in the same period a year earlier.
The McLean, Virginia-based company said it had profit of 98 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.33 per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The defense contractor posted revenue of $2.77 billion in the period, which also beat Street forecasts. Ten analysts surveyed by Zacks expected $2.72 billion.
For the year, the company reported profit of $605.7 million, or $4.59 per share. Revenue was reported as $10.66 billion.
Booz Allen expects full-year earnings in the range of $5.80 to $6.05 per share.
Booz Allen shares have risen 19% since the beginning of the year. The stock has risen 63% in the last 12 months.
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