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Booz Allen Hamilton Holding's Fiscal Q2 Adjusted Earnings, Revenue Rise; 2024 Outlook Raised
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Booz Allen Hamilton Holding's Fiscal Q2 Adjusted Earnings, Revenue Rise; 2024 Outlook Raised
Oct 27, 2024 12:26 AM

07:28 AM EDT, 10/25/2024 (MT Newswires) -- Booz Allen Hamilton Holding ( BAH ) reported fiscal Q2 adjusted earnings Friday of $1.81 per diluted share, up from $1.29 a year earlier.

Analysts polled by Capital IQ expected $1.49.

Revenue for the quarter ended Sept. 30 was $3.15 billion, compared with $2.67 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.97 billion.

The company raised its fiscal 2025 adjusted earnings outlook to $6.10 to $6.30 per diluted share, from $5.80 to $6.05. Analysts surveyed by Capital IQ expect $5.99.

Booz Allen also said it expects revenue growth of 11% to 13% during the fiscal year, up from 8% to 11% anticipated previously.

The company maintained a quarterly dividend of $0.51 per share, payable on Dec. 4, to stockholders of record on Nov. 15.

Booz Allen's share price rose 11% in recent Friday premarket activity.

Price: 185.01, Change: +18.46, Percent Change: +11.08

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