Thursday, February 7, 6:09 AMTowers Watson (TW): FQ2 EPS of $1.48 beats by $0.22. Revenue of $946M (+8% Y/Y) beats by $48.91M. (PR)
Comment![Earnings, Breaking News]
Wednesday, December 5, 2012, 5:11 PMTowers Watson (TW) announced change in payment date of quarterly dividend to Dec. 26 from Jan. 15. The record date has been amended to Dec. 17. (PR)
Friday, November 16, 2012, 3:20 PMTowers Watson & Co. (TW) declares $0.12/share quarterly dividend, in line with previous. Forward yield 0.92%. For shareholders of record Dec. 31. Payable Jan 15. Ex-div Dec. 27. (PR)
Tuesday, November 6, 2012, 6:05 AMTowers Watson (TW): FQ1 EPS of $1.06 in-line. Revenue of $834.2M (+3% Y/Y) beats by $19M. (PR)
Thursday, September 27, 2012, 12:12 AM
"Here's a pot of money, go shop." A major change is underfoot in the way firms provide employee health coverage, as Sears and Darden Restaurants - instead of offering insurance - prep to instead give workers cash and let them choose coverage from an online marketplace. WellPoint (WLP), AON, and Towers Watson (TW) are placing bets on the new model sticking, while UnitedHealth (UNH) is taking a wait-and-see approach.
9 Comments[Healthcare, U.S. Economy]
Friday, August 17, 2012, 5:48 PMTowers Watson (TW) declares $0.115/share quarterly dividend, 15% increase from prior dividend of $0.10. Forward yield 0.83%. For shareholders of record Sep 28. Payable Oct 15. Ex-div date Sep 26. (PR)
Wednesday, August 15, 2012, 12:36 PM
Towers Watson (TW +5.5%) regains some of the territory it lost over yesterdays Q2 earnings drubbing. William Blair says that it thinks the sell-off was overdone. The results were "neither as weak as they first appear nor a sign of a longer‐term structural issue." The firm reiterates its Outperform rating on the stock. (Transcript)
Comment![On the Move, Earnings]
Tuesday, August 14, 2012, 10:49 AM
Shares of Towers Watson (TW -10.1%) slip after the company beat on its Q2 bottom line but came up short on revenue and cut FY12 guidance. Total sales were slack, falling 3% Y/Y. Despite the weak sales, net revenue soared as the company cut bottom line costs and margins jumped. Going forward however, it sees revenue growth flat at best due to currency impact and weak overall demand, and warns of a potential 10% drop in its EPS for the current quarter.
Comment![Earnings, On the Move]
Tuesday, August 14, 2012, 6:05 AMTowers Watson (TW): FQ4 EPS of $1.25 beats by $0.01. Revenue of $826M (-3% Y/Y) misses by $42M. (PR)
Monday, May 14, 2012, 4:50 AM
Towers Watson & Co (TW) said yesterday it will buy Extend Health Inc, operator of the largest private Medicare exchange in the U.S., to boost its health benefits offering for employers. Towers will pay $435M, less net debt and certain transaction costs.
Monday, May 7, 2012, 6:30 AMTowers Watson (TW): FQ3 EPS of $1.39 beats by $0.04. Revenue of $902M (+4.2% Y/Y) beats by $6M. (PR)
Monday, February 6, 2012, 6:15 AMTowers Watson (TW): FQ2 EPS of $1.35 beats by $0.15. Revenue of $880M (+11.3% Y/Y) beats by $35M. (PR)
Sunday, January 3, 2010, 4:54 PM
Human resources consulting firm Watson Wyatt completes its $4B merger with Towers Perrin Forster & Crosby, and will begin trading Monday as Towers Watson & Co. under the new symbol TW. Major competitors include Hewitt (HEW) and Marsh & McLennan (MMC).