UPDATE: Booz Allen FQ2 Profit Surges 47%

Booz Allen Hamilton Holding

reported a 47% rise in its fiscal second-quarter earnings and authorized a special dividend of $1 per share. Booz Allen's quarterly profit surged to $67.8 million, or $0.45 per share, versus a year-ago profit of $46.1 million, or $0.27 per share. Excluding one-time items, its adjusted earnings came in at $0.47 per share. Its revenue fell 0.7% to 1.38 billion. However, analysts were projecting earnings of $0.38 per share on revenue of $1.36 billion. Booz Allen shares closed at $19.54 yesterday.