NEW YORK, Oct 26 (Reuters) – Shares of FTI Consulting (FCN.N) rose by more than 16% to an all-time-high on Thursday after the business and communications consultancy reported third-quarter results that beat analyst estimates amid increased demand for its services.
FTI Consulting’s revenue jumped 15.1% to $893.26 million while earnings per share rose 9% to $2.34 as the company recorded higher billing rates across its major business lines, including corporate restructuring, communications, technology, investigations and litigation consulting. The company also raised the lower end of its full year revenue forecast.
That result exceeded the average analyst estimate of $850.65 million and $1.84 per share, according to LSEG data.
FTI Consulting…
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