Booz Allen Hamilton Holding Q3 Profit Increases, Beats Estimates

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(RTTNews) - Booz Allen Hamilton Holding (BAH) released earnings for its third quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $186.950 million, or $1.45 per share. This compares with $145.644 million, or $1.11 per share, last year.

Excluding items, Booz Allen Hamilton Holding reported adjusted earnings of $197.896 million or $1.55 per share for the period.

Analysts on average had expected the company to earn $1.52 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 13.5% to $2.917 billion from $2.569 billion last year.

Booz Allen Hamilton Holding earnings at a glance (GAAP) :

-Earnings: $186.950 Mln. vs. $145.644 Mln. last year. -EPS: $1.45 vs. $1.11 last year. -Revenue: $2.917 Bln vs. $2.569 Bln last year.

The company will pay a regular quarterly dividend of $0.55 per share, an increase of 7.8 percent, on March 4 to stockholders of record as of February 14.

Looking ahead, for the fiscal year 2025, Booz Allen Hamilton has revised up its adjusted earnings per share guidance to $6.25 to $6.40 from the prior expectation of $6.10 to $6.30 per share. Analysts, on average, forecast the firm to earn $6.3 per share for the year.

The company now anticipates its annual revenue growth to be in the range of 12 percent to 13 percent against the prior projection of 11 percent to 13 percent.