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Short Take: Keane reports earnings following Y2K warning

IT consulting firm Keane reported second-quarter earnings in line with revised estimates following the company's warning that Year 2000-related business would slow. The firm earned $26.6 million, or 37 cents per share, in line with consensus estimates according to First Call. Revenue rose 5 percent to $280.5 million from $266.9 million a year ago. Chief executive John Keane repeated that revenue for the year is expected to be flat with year-ago revenue of $1.1 billion, and earnings would fall in a range of $1.40 to $1.50 per share.

IT consulting firm Keane reported second-quarter earnings in line with revised estimates following the company's warning that Year 2000-related business would slow. The firm earned $26.6 million, or 37 cents per share, in line with consensus estimates according to First Call. Revenue rose 5 percent to $280.5 million from $266.9 million a year ago. Chief executive John Keane repeated that revenue for the year is expected to be flat with year-ago revenue of $1.1 billion, and earnings would fall in a range of $1.40 to $1.50 per share.