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UPDATE: Towers Watson Posts Upbeat Q3 Profit, Lifts 2012 Forecast

By Insider Scoop
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Courtesy of Benzinga.

Towers Watson and Co (NYSE: TW) posted stronger-than-expected third-quarter earnings and lifted its full-year profit forecast.

Towers Watson’s quarterly earnings came in at $68.2 million, or $0.95 per share, versus $69.2 million, or $0.94 per share, in the year-ago period. On an adjusted basis, it earned $1.39 per share, versus analysts’ estimates of $1.35 per share.

Towers Watson now projects 2012 earnings of $5.14 to $5.19 per share, versus its earlier forecast of $5.05 to $5.15 per share.

Towers Watson shares closed at $65.35 on Friday.

(c) 2012 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.


For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

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