SAN FRANCISCO (Thomson Financial) - BearingPoint Inc. late Monday reported a
first-quarter net loss of $23.2 million, or 10 cents a share, narrower than the
mean 13-cent loss estimate of analysts polled by Thomson Reuters.
During the year earlier, the net loss was $61.7 million, or 29 cents a
share, the McLean, Va.-based provider of management and technology consulting
services said.
Total revenue for the three months ended March 31 fell to $830 million from
$866.3 million last year. Analysts were looking for revenue of $853.2 million.
For 2008, BearingPoint said it expects a net loss of $70 million and flat
net revenue growth.
In a separate statement, the company named Eileen Kamerick as chief
financial officer, succeeding Judy Ethell. Kamerick previously served as CFO at
Heidrick & Struggles International Inc.
Ethell will remain with BearingPoint through July 31.
The company's shares closed the regular session up 14 cents, or about 8.1%,
at $1.86.
Katherine Hunt
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