ATLANTA (AP) — ATLANTA (AP) — First Advantage Corp. (FA) on Thursday reported first-quarter profit of $2.2 million.
The Atlanta-based company said it had net income of 1 cent per share. Earnings, adjusted for one-time gains and costs, were 26 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
The provider of background screening services posted revenue of $385.2 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $373.9 million.
First Advantage expects full-year earnings in the range of $1.15 to $1.25 per share, with revenue in the range of $1.63 billion to $1.7 billion.
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