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Maximus reiterates fiscal 2009 guidance



By AP
13 November 2008 @ 12:49 pm EST

RESTON, Va. - Consulting and program management services provider Maximus Inc. reiterated Thursday its earnings guidance for fiscal 2009 in a range of $3 to $3.15 per share.

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The company said the earnings outlook reflects the effect of share repurchases and was offset by foreign currency rates.

The company also updated its fiscal 2009 revenue guidance to reflect the strengthening of the dollar.

Maximus now expects revenue from continuing operations to be in the range of about $750 million to $775 million in fiscal 2009. That's up from previous guidance of $745 million to $750 million.

Analysts polled by Thomson Reuters expect fiscal 2009 earnings of $3.03 per share on revenue of $786.1 million.

Maximus posted a fiscal fourth quarter loss Thursday on impairment charges.

Shares rose $2.23, or 8.5 percent, to $28.60.

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 This material may not be published, broadcast, rewritten or redistributed.

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