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Watson Wyatt outlook mostly above forecasts



By AP
12 August 2008 @ 07:40 am EST

ARLINGTON, Va. - Financial advisory firm Watson Wyatt Worldwide Inc. on Tuesday set its fiscal 2009 profit and revenue guidance mostly above Wall Street forecasts.

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The company expects profit between $3.70 and $3.77 on revenue between $1.85 billion and $1.9 billion. Analysts polled by Thomson Financial expect profit of $3.71 on revenue of $1.86 billion. The fiscal year ends in June.

For the fiscal first quarter, which ends in September, the company expects profit between 82 cents and 85 cents per share on revenue between $433 million and $443 million. Analysts expect profit of 85 cents per share on revenue of $435.2 million.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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