CEB (CEB) Tops Q1 EPS by 4c
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CEB Reports First Quarter Results and Updates 2016 Guidance
April 25, 2016 4:15 PM EDTARLINGTON, Va.--(BUSINESS WIRE)-- CEB Inc. (CEB or Company) (NYSE: CEB) today announced financial results for the first quarter ended March 31, 2016. Revenue increased 0.7% to $223.2 million in the first quarter of 2016 from $221.6 million in the first quarter of 2015. Net income in the first quarter of 2016 was $4.5 million, or $0.14 per diluted share, compared to net income of $19.1 million, or $0.56 per diluted share, in the same period of 2015. Included in net income for the first quarter of 2016 was an additional $7.6 million of accelerated amortization expense associated with a change in the estimated useful life of the SHL trade... More
