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Towers Watson and Co Lowers FY 2014 Guidance; Issues Q2 2014 Guidance Below Analysts' Estimates


Thursday, 7 Nov 2013 06:00am EST 

Towers Watson and Co announced that for fiscal 2014, it expects to report revenues in the range of $3.53 billion and adjusted diluted earnings per share (EPS) in the range of $5.75 to $5.82. This guidance assumes an average exchange rate of 1.58 U.S. dollars to the British Pound and 1.35 U.S. dollars to the Euro for fiscal 2014. For the second quarter of 2014, the Company expects to report revenues in the range of $900 million to $910 million, reflecting constant currency revenue about flat, and adjusted diluted earnings per share in the range of $1.30 to $1.35. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $3.53 billion and EPS of $5.73 for fiscal 2014; and revenue of $919 million and EPS of $1.38 for the second quarter of 2014. 

Company Quote

116.2
-0.42 -0.36%
3:25pm EST