GP Strategies tops Wall St. forecasts

Daily Record Staff//February 26, 2013//

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GP Strategies, of Elkridge, reported a strong fourth quarter buoyed by revenue from acquisitions. The company, a provider of training, e-learning, management consulting and engineering services, reported net income of $6.1 million, or 32 cents per share, on revenue of $106 million, compared to net income of $5.9 million, or 31 cents per share, on revenue of $93.9 million for the year-ago quarter.

Analysts polled by Thomson Reuters had forecast, on average, earnings of 31 cents per share on revenue of $103.38 million. The company said revenue growth was driven by previously completed acquisitions combined with strong organic growth.

Tags: thomson reuters, acquisition, Business, GP Strategies, elkridge

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