12:33 PM EDT, 07/26/2024 (MT Newswires) -- (Updates with the latest stock movement in the headline and the first paragraph.)

Booz Allen Hamilton Holding's ( BAH ) shares were down 10.2% in recent Friday trading after the company reported fiscal Q1 adjusted earnings of $1.38 per diluted share, down from $1.47 a year earlier.

Analysts polled by Capital IQ expected $1.52.

Revenue for the quarter ended June 30 was $2.94 billion, compared with $2.65 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.93 billion.

The company reaffirmed its fiscal 2025 adjusted earnings outlook of $5.80 to $6.05 per diluted share. Analysts surveyed by Capital IQ expect $6.05. Booz Allen also said it continues to expect revenue growth of 8% to 11% during the fiscal year.

Price: 138.11, Change: -15.47, Percent Change: -10.07