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Investing.com -- FTI Consulting, Inc. (NYSE:FCN) shares jumped 4.1% after the business advisory firm reported second quarter earnings and revenue that exceeded analyst expectations, while also providing a solid outlook for the full year.
The company reported second quarter adjusted earnings per share of $2.13, beating the analyst consensus of $1.90 by $0.23. Revenue came in at $943.7 million, surpassing the consensus estimate of $912.2 million, though it represented a slight decrease of 0.6% compared to $949.2 million in the same quarter last year.
"The strength we have shown this quarter, notwithstanding some of the major headwinds that we have been facing this year, demonstrates, once again, the underlying power of this institution and of our people," said Steven H. Gunby, CEO and Chairman of FTI Consulting.
The Corporate Finance & Restructuring segment led growth with a 9% revenue increase to $379.2 million, driven by higher demand for restructuring and transactions services. The Forensic and Litigation Consulting segment saw revenues rise 10% to $186.5 million, while Strategic Communications revenues increased 20.8% to $102.7 million.
These gains were offset by declines in the Economic Consulting segment, where revenues fell 17% to $191.7 million, and the Technology segment, which saw a 27.9% decrease to $83.6 million, primarily due to lower demand for M&A-related services.
For the full year 2025, FTI Consulting now expects revenue between $3.66 billion and $3.76 billion, with the midpoint of $3.71 billion slightly above the analyst consensus of $3.671 billion. The company projects adjusted EPS of $7.80 to $8.40, with the midpoint of $8.10 marginally higher than the consensus estimate of $8.08.
During the quarter, the company repurchased approximately 2.19 million shares at an average price of $161.88 for a total cost of $354.9 million.
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