Huron Consulting Group Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company has posted revenues of $172.2 million increased 2.1% from $168.7 million for the third quarter of 2008. GAAP net loss was $64.0 million, or a loss of $3.16 diluted per share compared to GAAP net income of $2.4 million, or $0.12 per diluted share, for the same period last year. Non-GAAP adjusted net income was $11.9 million, or $0.59 per diluted share compared to $17.0 million, or $0.86 per diluted share, for the comparable quarter in 2008. Operating loss was $94.09 million compared to operating income of $16.23 million for the same period a year ago. LBIT was $96.3 million compared to EBIT of $10.7 million for the same period a year ago. The company reported adjusted EBITDA of $38.062 million compared to the adjusted EBITDA of $40.774 million for the same period a year ago. For the year to date, the company's revenue was $501.1 million an increase of 11.0% from $451.5 million for the same period last year. The GAAP net loss, which includes restructuring, restatement and goodwill impairment charges as discussed above, was $47.3 million, or a loss of $2.36 per share, for the first nine months of 2009 compared to GAAP net income of $6.6 million, or $0.35 per diluted share, for the same period last year. Non-GAAP adjusted net income was $45.6 million, or $2.22 per diluted share, for the first nine months of 2009 compared to $49.1 million, or $2.62 per diluted share, for the comparable period in 2008. Net cash provided by operating activities was $51.97 million compared to $44.40 million for the same period a year ago. Purchases of property and equipment, net was $10.971 million compared to $17.47 million for the same period a year ago. Operating loss was $54.2 million compared to operating income of $39.1 million for the same period a year ago. LBIT was $62.1 million compared to EBIT of $29.2 million for the same period a year ago. The company reported adjusted EBITDA of $110.488 million compared to the adjusted EBITDA of $105.759 million for the same period a year ago. On November 3, 2009, James H. Roth, chief executive officer, was appointed to the company's Board of Directors and James K. Rojas, chief financial officer, assumed the additional role of treasurer, succeeding Gary L. Burge who resigned from the position on that date. The company provided guidance for full year 2009 revenues before reimbursable expenses in an updated range of $650 million to $665 million. The company also anticipates GAAP loss per share in a range of $2.01 to $1.80, non-GAAP adjusted diluted earnings per share in a range of $2.85 to $3.05, loss before interest, taxes, depreciation and amortization in a range of $13 million to $8 million, and Adjusted EBITDA in a range of $139 million to $144 million.

Huron Consulting Group Inc. expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on November 3, 2009).

Huron Consulting Group Inc. announced the launch of Huron's Bank Monitor(TM), a powerful web-based application that provides users with access to key data on banks. Huron's Bank Monitor will provide data gathered from public sources and synthesize it. Users will be able to evaluate a bank's performance based on more than 20 financial indicators summarizing exposure/asset quality, liquidity, growth trends, profitability, reserves and capital. Other key ratios will be added in response to market feedback. This tool will also allow users to compare institutions of similar size and geographical location. Banking data, obtained from quarterly reports filed with government regulators, will be updated quarterly as available to provide users with the most up-to-date information.