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FTI Consulting reported third quarter 2024 revenues of $926 million, marking a 4% increase from the previous year. However, earnings per share (EPS) fell to $1.85, down 21% compared to $2.34 in the prior year. The revenue growth was driven by higher demand in the Economic Consulting and Technology segments, despite challenges in Corporate Finance & Restructuring.
The company updated its full-year guidance, projecting revenues between $3.700 billion and $3.750 billion. The decrease in net income was attributed to rising compensation and administrative expenses, alongside a foreign currency remeasurement loss. Despite these challenges, FTI Consulting remains optimistic about its long-term growth trajectory.
• FTI Consulting's revenues increased due to higher demand in Economic Consulting.
• The company updated its revenue and EPS guidance for 2024.
FTI Consulting is a global business advisory firm that helps organizations manage change and mitigate risks.
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