Stock Track | FTI Consulting Stock Plummets 7.64% After Q3 Earnings Miss Estimates

Stock Track10-24

FTI Consulting Inc. (NYSE: FCN), a global business advisory firm, saw its stock price plummet 7.64% on October 24, 2024, after reporting disappointing third-quarter financial results that missed analyst estimates.

For the quarter ended September 30, 2024, FTI Consulting reported earnings per share (EPS) of $1.85, which fell short of the analyst consensus estimate of $2.06 by 10.19%. The company's revenue of $926 million increased 3.7% year-over-year but missed the analyst forecast of $946.2 million by 2.14%.

The weaker-than-expected results were primarily attributed to lower demand and realized bill rates in the Corporate Finance & Restructuring segment, which more than offset higher demand in the Economic Consulting and Technology segments. FTI Consulting's net income declined 21% year-over-year to $66.5 million, while Adjusted EBITDA fell to $102.9 million, or 11.1% of revenues, compared to $118.7 million, or 13.3% of revenues, in the prior year quarter.

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(NYSE: FCN), a global business advisory firm, saw its stock price plummet 7.64% on October 24, 2024, after reporting disappointing third-quarter financial results that missed ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FCN","symbol_name":"FTI咨询","start_time":0,"source_url":"","article_id":"1180881265","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1180881265","pubTimestamp":1729777042,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"FTI Consulting Inc. , a global business advisory firm, saw its stock price plummet 7.64% on October 24, 2024, after reporting disappointing third-quarter financial results that missed analyst estimates.For the quarter ended September 30, 2024, FTI Consulting reported earnings per share  of $1.85, which fell short of the analyst consensus estimate of $2.06 by 10.19%. 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