NEW YORK (TheStreet) -- FTI Consulting (FCN) was falling 8.9% to $31.25 Thursday after issuing a guidance that falls below analysts' expectations for earnings in the second quarter, and despite positive first quarter results.
For the first quarter FTI Consulting reported earnings of 41 cents a share, beating the Capital IQ Consensus Estimate of26 cents a share by 15 cents. Revenue grew 4.5% from the year-ago quarter to $425.6 million. Analysts expected revenue of $15.03 million for the quarter.
Looking to the second quarter FTI Consulting expects earnings of 32 cents to 42 cents a share, below analysts' expectations of 47 cents a share. The company forecasts revenue of $430 million to $445 million for the quarter, while analysts expect $423.87 million.
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TheStreet Ratings team rates FTI CONSULTING INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate FTI CONSULTING INC (FCN) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall."