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Advisory Board reaffirms FY'17 outlook

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Advisory Board reaffirms FY'17 outlook

Advisory Board Co. said its financial guidance for full year 2017 remained unchanged.

The company continues to expect adjusted revenue of $780.0 million to $840.0 million and adjusted EPS in the range of $1.80 to $2.10 for 2017.

The S&P Capital IQ consensus normalized EPS estimate for the year is $1.93.

Advisory Board posted second-quarter adjusted net income of $15.3 million, or 37 cents per share, compared with $18.8 million, or 46 cents per share, in the prior-year quarter.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 44 cents.

Second-quarter net income was $14.7 million, or 36 cents per share, compared with $7.5 million, or 18 cents per share, in the year-ago quarter.