NEW YORK (AP) — Towers Watson & Co. said Monday that its fiscal third-quarter earnings slipped about 1 percent as cost increases offset revenue growth for the risk management and human resources consultant.

The New York company's performance beat analyst expectations, and it raised its earnings forecast for fiscal 2012.

Towers Watson reported net income of $68.2 million, or 95 cents per share, in the three months that ended March 31, compared with $69.2 million, or 94 cents per share, a year ago when the company had more shares outstanding.

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