UPDATE 1-Huron Consulting backs 2009 outlook
* Reaffirms FY 2009 EPS outlook $3.10-$3.40
* Maintains FY 2009 rev outlook $730 mln-$770 mln
* Stock down 2 pct
June 8 (Reuters) - Huron Consulting Group Inc (HURN.O) maintained its 2009 outlook and said its legal segment is expected to gain as companies deal with increasing litigations.
The company reiterated its fiscal 2009 profit outlook of $3.10 a share to $3.40 a share, on revenue of $730 million to $770 million, at the UBS Global Technology and Services Conference.
Analysts on an average were expecting earnings of $3.19 a share for the year, excluding items, on revenue of $743.02 million, according to Reuters Estimates.
The company, which provides consulting services in - health and education, accounting and financial, legal and corporate segments, competes with FTI Consulting Inc (FCN.N), Navigant Consulting Inc (NCI.N) and private players like Ernst & Young [ERNY.UL] and PricewaterhouseCoopers [PWC.UL] among others.
Firms like Huron are expected to gain from the financial meltdown as a rise in the number of bankruptcies and litigations would lead to an increase in restructuring and financial advisory businesses.
Shares of the Chicago, Illinois-based company were down 88 cents, or about 2 percent, at $47.11 Monday morning on Nasdaq. They have gained 31 percent of their value since touching a 52-week low of $36.23 in April.
For related alerts, please double-click [ID:nWNAB7559] (Reporting by Abhinav Sharma in Bangalore; Editing by Ratul Ray Chaudhuri)
