Corporate Executive Board Co. Falls 5.6% (EXBD)

Shares of Arlington, Virginia-based Corporate Executive Board Company EXBD are trading down 5.6% at $37.00 per share during the Thursday afternoon trading session. The day's trading range for shares of Corporate Executive Board Company has been between $36.28 and $37.84 per share. Analysts covering the company's stock give it a consensus price target of $35.20 per share. Volume of 800,000 shares is far above the daily average volume of 148,000 shares. Corporate Executive Board Company (EXBD) announced on Wednesday after the market closed that it missed consensus Wall Street earnings expectations. Corporate Executive Board Company announced 4th quarter adjusted earnings per share of 31 cents, on revenue of $117.0 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 36 cents per share, on revenue of $115.49 million. The company provided full-year 2011 guidance of $1.45 to $1.65 EPS, on revenue of $475 to $495 million. Corporate Executive Board Company offers unique research insights along with an integrated suite of exclusive tools and resources that enable the world's most successful organizations to deliver superior business outcomes. Read more from Benzinga's Company news.