Corporate Executive Board Co. Q4 Profit Rises

(RTTNews) - Corporate Executive Board Company (CEB) Wednesday reported fourth-quarter net income of $28.6 million or $0.84 per share, up from $12.6 million or $0.37 per share last year.

Adjusted earnings for the quarter were $1.27 per share, up from $0.84 per share last year. On average, eight analysts polled by Thomson Reuters expected earnings of $1.03 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose to $240.1 million from $223.4 million last year. Analysts estimated revenues of $248.11 million for the quarter.

For the full year 2015, the company expects adjusted earnings of $3.55 to $3.90 per share and adjusted revenues of $960 million to $985 million. Analysts currently estimate earnings of $3.70 per share on revenues of $998.55 million for the year.