Key Developments For Corporate Executive Board Co (The)
Corporate Executive Board Co (The) (EXBD.O) (Nasdaq)
Corporate Executive Board Declares Quarterly Cash Dividend
Corporate Executive Board announced that its Board of Directors has approved a cash dividend on its common stock for the fourth quarter of 2009 of $0.10 per share. The dividend is payable on December 30, 2009, to stockholders of record at the close of business on December 15, 2009.
Corporate Executive Board Narrows FY 2009 Revenue Guidance; Raises FY 2009 EPS Guidance
Corporate Executive Board updated its fiscal 2009 guidance and now expects revenues ranging from $430 to $440 million and non-GAAP diluted earnings per share (EPS) of $1.40 to $1.50. According to Reuters Estimates, analysts were expecting the Company to report revenue of $433 million and EPS of $1.34 for the same period.
Corporate Executive Board Acquires TowerGroup
Corporate Executive Board announced the acquisition of TowerGroup, a financial services industry research and advisory firm. Terms of the transaction were not disclosed.
Corporate Executive Board Declares Quarterly Cash Dividend
Corporate Executive Board announced that its Board of Directors has approved a cash dividend on its common stock for the third quarter of 2009 of $0.10 per share. The Company will fund its dividend payments with cash on hand and cash generated from operations. The dividend is payable on September 30, 2009, to stockholders of record at the close of business on September 15, 2009.
Corporate Executive Board Reiterates FY 2009 Outlook
Corporate Executive Board reiterated its fiscal 2009 outlook and expects revenues ranging from $410-$450 million and non-GAAP diluted earnings per share (EPS) of $0.90-$1.40. According to Reuters Estimates, analysts were expecting the Company to report revenues of $422 million and EPS of $1.07 for the same period.
