12:12 PM EDT, 10/24/2024 (MT Newswires) -- (Updates with stock movement in the headline and first paragraph.)

FTI Consulting's ( FCN ) shares were down 14% in recent trading on Thursday after it posted Q3 earnings and revenue miss, and revised its 2024 outlook downwards.

The company reported Q3 earnings of $1.85 per diluted share, down from $2.34 a year earlier.

Analysts polled by Capital IQ expected $2.06.

Revenue for the quarter ended Sept. 30 was $926 million, up from $893.3 million a year earlier.

Analysts surveyed by Capital IQ expected $946.2 million.

The company now expects 2024 earnings between $7.90 and $8.35 per share, compared with the prior guidance of $8.10 to $8.60. Analysts polled by Capital IQ expect $8.48.

Revenue for the year is expected between $3.70 billion and $3.75 billion, compared with $3.70 billion to $3.79 billion previously. Analysts surveyed by Capital IQ expect $3.76 billion.

Price: 197.43, Change: -32.08, Percent Change: -13.98