MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Booz Allen Hamilton Holding Corp. (BAH) on Friday reported fiscal fourth-quarter profit of $205 million.
The McLean, Virginia-based company said it had net income of $1.68 per share. Earnings, adjusted for one-time gains and costs, were $1.78 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.
The defense contractor posted revenue of $2.78 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $2.88 billion.
For the year, the company reported profit of $851 million, or $6.90 per share. Revenue was reported as $11.22 billion.
Booz Allen expects full-year earnings in the range of $6 to $6.35 per share, with revenue in the range of $11.2 billion to $11.7 billion.
Booz Allen shares have decreased 9.5% since the beginning of the year. The stock has fallen 41% in the last 12 months.
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