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Hackett Group: 3Q Earnings Snapshot

November 5, 2019

MIAMI (AP) _ The Hackett Group Inc. (HCKT) on Tuesday reported third-quarter net income of $6.9 million.

The Miami-based company said it had profit of 21 cents per share. Earnings, adjusted for one-time gains and costs, came to 27 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.

The consulting company posted revenue of $72.7 million in the period.

For the current quarter ending in December, Hackett Group expects its per-share earnings to range from 23 cents to 25 cents.

The company said it expects revenue in the range of $66.5 million to $68.5 million for the fiscal fourth quarter.

Hackett Group shares have risen nearly 10% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.60, a drop of 22% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HCKT at https://www.zacks.com/ap/HCKT