insane dividends

[wzebra33]

. (GES) late Tuesday said its third quarter profit jumped 8% from last year, beating analyst expectations and prompting the company to boost its full-year outlook.

The Los Angeles-based company reported third quarter net income of $69.1 million, or 75 cents per share, compared with $64.1 million, or 69 cents per share, in the year-ago period.

Revenue climbed 17% from last year to $613.9 million.

On average, Wall Street analysts expected a much smaller profit of 59 cents per share, on lower sales of $578 million.

Looking ahead, the company boosted its full-year outlook to a range of $3.02 to $3.06 per share, up from prior guidance of $2.80 to $2.85.

The company also said it would raise its quarterly dividend from 16 cents to 20 cents per share, and announced a special one-time dividend of $2 per share. Both of those dividends will be combined and paid on Dec. 23 to shareholders of record as of Dec. 8.