Booz Allen Q2 Adjusted EPS of $1.76 Beats Estimates; Revenue of $2.78 Billion Falls Short

Booz Allen Hamilton Holding Corp. (BAH) on Friday reported fiscal second-quarter net income of $181 million, or $1.50 per share, with adjusted earnings of $1.76 per share topping the $1.44 average estimate of six analysts surveyed by Zacks Investment Research. Revenue for the period totaled $2.78 billion, below the $2.8 billion forecast by five Zacks analysts. The McLean, Virginia-based defense contractor guided full-year earnings to a range of $6.50 to $6.70 per share on revenue of $11.3 billion to $11.6 billion. Booz Allen shares have fallen nearly 7% since the start of the year and are down 20% over the past 12 months.