HURN warns ahead of Q1

Based on preliminary financial data for the quarter to date and subject to the final closing of the Company’s books and review of first quarter results by the Company’s independent auditors, Huron expects first quarter 2008 revenues before reimbursable expenses to be in a range of $138 million to $140 million, which is lower than previously provided guidance of $142 million to $147 million. The Company anticipates diluted earnings per share in a range of $0.50 to $0.57, which is lower than previously provided guidance of $0.66 to $0.70. The shortfalls in revenues and EPS are primarily attributable to continuing weakness in the Company’s Financial Consulting segment.

“While we are disappointed in the results of our Financial Consulting segment in the first quarter, we remain optimistic that this segment will regain momentum. The continuing turmoil in the financial markets should translate into an increasing level of investigations and litigation over the next 12 to 18 months,” said Gary E. Holdren, chairman and chief executive officer, Huron Consulting Group. Huron’s Financial Consulting segment represented 31% of the Company’s revenues in 2007.