FTI Consulting expects 2008 results above Street estimates

BALTIMORE—FTI Consulting Inc., a provider of business advisory services, on Wednesday raised its full-year guidance above Wall Street's estimates, based on strong first-quarter results and current activity levels.

The company now forecasts earnings for the year between $2.50 and $2.63 per share, on revenue of $1.3 billion to $1.38 billion.

FTI previously said it expected a profit of between $2.40 and $2.50 per share on sales of $1.28 billion to $1.32 billion.

Analysts polled by Thomson Financial, on average, estimate full-year earnings of $2.46 per share, on sales of $1.29 billion.

FTI said it is working to grow annual revenue to $2.5 billion by 2012, and generate 30 percent to 35 percent of its revenue internationally.

The company plans to provide updated guidance after the second quarter.

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