FTI Consulting, Inc. FCN delivered lower-than-expected first-quarter 2020 results, with earnings missing the Zacks Consensus Estimate but revenues beating the same.Quarterly adjusted EPS of $1.53 missed the Zacks Consensus Estimate by 4.4% and decreased 6.1% on a year-over-year basis. The bottom line was negatively impacted by an 18.5% increase in billable headcount, higher variable compensation, and elevated selling, general and administrative expenses, partially offset by increase in revenues, foreign-currency translation ("FX") remeasurement gains and a lower effective tax rate.Total revenues of $604.6 million missed the consensus mark by 1.4%. However, the revenue figure increased 9.7% year over year. This increase was driven by higher demand in the Corporate Finance & Restructuring, Forensic and Litigation Consulting, and Technology business segments, partially muted by a demand decline in the Economic Consulting business segment.Notably, FTI Consulting’s shares have rallied 47.9%, over the past year, significantly outperforming 1.7% growth of the industry it belongs to. Let’s check the numbers in detail.Revenues by SegmentCorporate Finance & Restructuring’s revenues jumped 29.1% year over year to $207.7 million. The upside was driven by solid demand for restructuring, and business transformation and transaction services. The segment contributed 34% to total revenues.Forensic and Litigation Consulting’s revenues increased 6.2% year over year to $147.6 million. The improvement came on the back of higher demand for data & analytics, disputes and investigations services. The segment contributed 24% to total revenues.Strategic Communications’ revenues inched up 1.2% year over year to $58.4 million. This upside was fueld by an increase in demand for public affairs services. The segment contributed 10% to total revenues.Technology’s revenues were up 14.4% year over year to $58.7 million. The upswing resulted from strong demand for global cross-border investigation, and merger and acquisition-related services. The segment contributed 10% to total revenues.Economic Consulting’s revenues decreased 7.1% year over year to $132.1 million. The decline was due to lower demand for non-merger and acquisition-related antitrust, and financial economics services as well as lower realized rates for international arbitration services. The segment contributed 22% to total revenues.Operating ResultsAdjusted EBITDA was $83.2 million, down 13.4% on a year-over-year basis. Adjusted EBITDA margin contracted 360 basis points (bps) year over year to 13.8%.Balance Sheet and Cash FlowFTI Consulting exited the first quarter with cash and cash equivalents of $223.1 million compared with the prior quarter’s $369.4 million. Long-term debt was $328.2 million compared with $275.6 million witnessed at the end of the previous quarter. The company used $123.6 million of net cash in operating activities and CapEx was $8.2 million in the March-end quarter. It spent $50.3 million to repurchase 450,198 shares during this period.FTI Consulting currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Performance of Other Business Services CompaniesThe Interpublic Group IPG reported first-quarter 2020 adjusted earnings of 11 cents per share, which beat the consensus mark by 22.2% but remained flat year over year.Equifax EFX delivered first-quarter 2020 adjusted earnings of $1.40 per share, which outpaced the consensus mark by 8.5% and improved 16% on a year-over-year basis.ManpowerGroup MAN recorded first-quarter 2020 adjusted earnings of 71 cents per share, which missed the Zacks Consensus Estimate by 2.7% and plummeted 48.9% year over year.5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Equifax Inc (EFX): Free Stock Analysis Report ManpowerGroup Inc (MAN): Free Stock Analysis Report Interpublic Group of Companies Inc The (IPG): Free Stock Analysis Report FTI Consulting Inc (FCN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research