Towers Watson & Co. rebounded from an annual low this week, jumping 7 percent Wednesday, with at least one industry watcher saying that the sell-off was overdone following a disappointing fourth quarter.
THE SPARK: Towers Watson, a risk management and human resources consulting company, said early Tuesday that its revenue in the fiscal fourth quarter fell, in part because of softness in Europe. The company also provided first-quarter guidance on Tuesday that was far below Wall Street's expectations. Towers Watson closed down 12 percent at a 52-week low of $51.68.
THE BIG PICTURE: Overnight, investors and analysts reevaluated the company's quarter, looking at things like potential growth and the currency exchange rates that hurt Towers Watson, but were out of its control.
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