Message Font: Serif | Sans-Serif
No. of Recommendations: 6
TW is up about 9% since I posted this (some dividend income as well with the company accelerating div payments):

TW reported solid results this morning with the Benefits segment showing the best growth, fairly modest growth in other segments:

Towers Watson beats by $0.22, beats on revs; guides Q3 EPS in-line, revs in-line; guides FY13 EPS above consensus, revs above consensus (TW) 61.82 : Reports Q2 (Dec) adj earnings of $1.48 per share, excluding non-recurring items, $0.22 better than the Capital IQ Consensus Estimate of $1.26; revenues rose 7.5% year/year to $946 mln vs the $897.24 mln consensus. On an organic basis, which excludes the impact of changes in foreign currency exchange rates, acquisitions and divestitures, revenues increased 6% from the prior-year second quarter. The ERP deployment related receivables and reserve issues normalized this quarter for all Segments and accounted for about one percentage point of total company revenue growth.

TW is my second largest holding in managed accounts.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.