Advisory Board Co. (NASDAQ:ABCO) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.45%.
Advisory Board Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share were the same at $0.31 in the quarter as EPS of $0.31 in the year-earlier quarter.
Revenue: Rose 18.31% to $123.21 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Advisory Board Co. reported adjusted EPS income of $0.31 per share. By that measure, the company beat the mean analyst estimate of $0.29. It beat the average revenue estimate of $121.93 million.
Quoting Management: Robert Musslewhite, Chairman and Chief Executive Officer of The Advisory Board Company, commented, “Our continued strong performance this quarter is due to the superior value we provide to our members through our comprehensive portfolio of offerings, outstanding member service, and excellent product quality. Our health care and higher education members face tremendous complexity due to demographic shifts, revenue pressure, a new value orientation, and business model transformations. It is a testament to the work that we do that we are their partner of choice as they seek both to enhance performance in the current environment and to set strategy to succeed in the future.”
Key Stats (on next page)…