MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Booz Allen Hamilton Holding Corp. (BAH) on Friday reported fiscal first-quarter net income of $271 million.
On a per-share basis, the McLean, Virginia-based company said it had net income of $2.16. Earnings, adjusted for one-time gains and costs, were $1.48 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.
The defense contractor posted revenue of $2.92 billion in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $2.94 billion.
Booz Allen expects full-year earnings in the range of $6.20 to $6.55 per share, with revenue in the range of $12 billion to $12.5 billion.
Booz Allen shares have dropped 11% since the beginning of the year. The stock has dropped 28% in the last 12 months.
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