FTI Consulting falls on annual forecast cut

FTI Consulting

24/10/2024 15:21

** Shares of FTI Consulting  FCN.N  fall 11.84% to $202.33
    ** Advisory firm now forecasts annual profit of $7.90-$8.35
vs prior forecast of $8.10-$8.60
    ** Expects annual rev. of $3.70-$3.75 billion vs prior
forecast of $3.70-$3.79 bln 
    ** Posts 21% decline in Q3 EPS to $1.85 
    ** Posts Q3 rev. Of $926.0 million compared with $893.3
million a year ago
    ** 2 of 3 brokerages rate the stock "buy" or above, and 1
"hold"; their median PT is $257.00 - LSEG data
    ** As of last close, stock up ~15.24% YTD

 (Reporting by Ankita Bora in Bengaluru)
 ((Ankita.Bora@thomsonreuters.com;))