Booz Allen: Fiscal Q1 Earnings Snapshot

MCLEAN, Va. (AP) _ Booz Allen Hamilton Holding Corp. (BAH) on Friday reported fiscal first-quarter net income of $138.3 million.

On a per-share basis, the McLean, Virginia-based company said it had net income of $1.03. Earnings, adjusted for one-time gains and costs, were $1.13 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The defense contractor posted revenue...

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MCLEAN, Va. (AP) _ Booz Allen Hamilton Holding Corp. (BAH) on Friday reported fiscal first-quarter net income of $138.3 million.

On a per-share basis, the McLean, Virginia-based company said it had net income of $1.03. Earnings, adjusted for one-time gains and costs, were $1.13 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The defense contractor posted revenue of $2.25 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $2.18 billion.

Booz Allen expects full-year earnings in the range of $4.15 to $4.45 per share.

Booz Allen shares have risen 13% since the beginning of the year. The stock has risen slightly more than 6% 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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