MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Booz Allen Hamilton Holding Corp. (BAH) on Friday reported fiscal first-quarter net income of $165.2 million.
On a per-share basis, the McLean, Virginia-based company said it had profit of $1.27. Earnings, adjusted for one-time gains and costs, came to $1.38 per share.
The results missed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.
The defense contractor posted revenue of $2.94 billion in the period, which beat Street forecasts. Ten analysts surveyed by Zacks expected $2.92 billion.
Booz Allen expects full-year earnings in the range of $5.80 to $6.05 per share.
Booz Allen shares have risen 20% since the beginning of the year. The stock has risen 32% 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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