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Towers Watson and Co Issues Q3 2013 Guidance In Line With Analysts' Estimates; Raises FY 2013 Guidance


Thursday, 7 Feb 2013 06:00am EST 

Towers Watson and Co announced that for third quarter of 2013, it expects revenues in the range of $940 million to $960 million, reflecting constant currency revenue growth in the range of 4% to 6%, and adjusted diluted earnings per share (EPS) in the range of $1.46 to $1.51. For fiscal 2013, it expects to report revenues in the range of $3.60 billion to $3.65 billion, reflecting constant currency revenue growth in the range of 6% to 7%, and adjusted diluted earnings per share (EPS) in the range of $5.28 to $5.38. The guidance assumes an average exchange rate of 1.60 U.S. dollars to the British Pound and 1.30 U.S. dollars to the Euro for fiscal 2013. According to I/B/E/S Estimates analysts were expecting the Company to report revenue of $943 million and EPS of $1.46 for third quarter of 2013; revenue of $3.55 billion and EPS of $5.18 for fiscal 2013. 

Company Quote

104.04
0.03 +0.03%
4:02pm EDT