BOOZ ALLEN'S REVENUE SLIDES AS PROFIT GUIDANCE RISES

Booz Allen Hamilton's revenue fell 3.9% to $2.8 billion in the quarter ended September 30, even as adjusted diluted earnings per share jumped 18.1% to $1.76, according to the government consulting firm's quarterly earnings release. Management raised its full-year adjusted EPS guidance to a range of $6.50 to $6.70 a share, betting that cutting lower-margin billable expenses can keep profit growing faster than the top line. The stock trades as $BAH, a defense and civil contractor now shrinking its way to a fatter margin.