Booz Allen Hamilton (NYSE: BAH) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported earnings of 41 cents per share for the third quarter of its 2016 fiscal year to top the consensus analyst forecast by 1 cent.
The McLean, Va.-based consulting services contractor narrowed its fiscal 2016 earnings guidance to a range of $1.61-to-$1.67 per share from the prior outlook of $1.60-to-$1.70 on increased investments in bid, proposal and hiring activities for fiscal 2017.
Booz Allen runs its fiscal calendar on an April-to-March basis.
Profit came in at $61 million for the quarter to show a 13.98 percent year-over-year increase and revenue for the October-December period was reported as $1.31 billion to show a nominal increase from the $1.3 billion posted in the same period for 2014.
Wall Street analysts expected the firm to post $1.31 billion in third quarter sales.
The firm expects to show between zero and 2 percent growth in revenue for fiscal 2016, according to investor slides.
Total backlog as of Dec. 31, 2015 sits at $12.1 billion with $2.69 billion of it funded compared to the $10.06 billion and $2.67 billion funded stated at the same time in 2014.
As of Tuesday’s market close, shares in Booz Allen had gained 1.72 percent from the start of January and declined 6.13 percent over 12 months.