UPDATE 2-Stanley Q2 results beat Street, shares rise
* Q2 EPS $0.49 vs est $0.42
* Revenue up 14 pct * Sees Q3 shr $0.46-$0.48
* Sees Q3 revenue $212 mln-$219mln
* Shares rise 6 pct after market (Adds details, analyst comments, updates share movement)
Oct 29 (Reuters) - Stanley Inc (SXE.N), a provider of information technology services to the U.S. government, posted better-than-expected quarterly results, helped by higher revenue from its military customers, and forecast third-quarter results above estimates.
For the third quarter, the company sees earnings of 46 cents to 48 cents a share, on revenue of $212 million to $219 million.
Analysts on average were expecting earnings of 42 cents a share, before special items, on revenue of $211.1 million, according to Thomson Reuters I/B/E/S.
Second-quarter net bookings for the company, whose customers include all major agencies of the Department of Defence, NASA and Department of Homeland Security, totaled $179.9 million.
"Although ongoing delays in the federal procurement process have kept bookings below ideal levels, we anticipate that new awards in the coming quarters will set the foundation for continued top-line growth going forward," Chief Executive Phil Nolan said in a statement.
The company is strongly positioned for growth in biometrics, intelligence agency support, army reset, civilian outsourcing and cybersecurity, brokerage Stifel Nicolaus said in note to clients dated Oct. 27.
Among Stanley's second-quarter awards were a $64 million contract with the U.S. Army to support aviation and missile research and a $58 million contract with the Department of State's bureau of consular affairs.
For the second quarter, net income was $11.8 million, or 49 cents a share, compared with $8.7 million, or 37 cents a share, a year ago.
Revenue rose 14 percent to $217.1 million.
Analysts were expecting earnings of 42 cents a share, before special items, on revenue of $209.1 million.
For the full-year, the company now expects earnings of $1.85 to $1.89 a share, up from its previous view of $1.68 to $1.74 a share. Analysts were looking for $1.72 per share, before items.
Shares of the Arlington, Virginia-based company rose 6 percent to $27.39 in trading after the bell. They closed at $25.79 Thursday on the New York Stock Exchange. (Reporting by Divya Sharma in Bangalore; Editing by Anne Pallivathuckal, Unnikrishnan Nair)
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