NEW YORK (TheStreet) -- Shares of Towers Watson & Co. (TW) are up 3.93% to $113.06 today after reporting 2015 first quarter total revenue of $878 million, an increase of 8% from $810 million a year ago, and earnings that beat analysts' expectations.
The global professional services company beat revenue expectations of $850 million, according to analyst average estimates compiled by Yahoo Finance.
The company reported adjusted income from continuing operations for the 2015 first quarter of $93 million, or $1.32 per adjusted diluted share, down from $102 million, or $1.43 for the prior-year period. Despite lower earnings, Towers Watson beat analysts' estimates of $1.21, according to Yahoo Finance.
"We are very pleased with the first quarter results, especially with the strong results delivered by the benefits and exchange solutions segments," CEO John Haley said, adding, "Bulk lump sum, healthcare consulting and pension administration drove revenue growth in the benefits segment."
Separately, TheStreet Ratings team rates TOWERS WATSON & CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate TOWERS WATSON & CO (TW) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
You can view the full analysis from the report here: TW Ratings Report
TW data by YCharts