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Wednesday, May 4, 2011

FTI Consulting Q1 profit misses Street view

Business advisory firm FTI Consulting Inc reported a quarterly profit below Wall Street estimates on the back of declining revenue from its corporate finance and restructuring segment. January-March net income was $21.8 million, or 48 cents a share, compared with $14.2 million, or 29 cents a share, in the year-ago period. The earnings for the latest first quarter include 2 cents per share in acquisition costs. Analysts on an average had expected earnings of 49 cents a share, according to Thomson Reuters I/B/E/S.

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