Question-and-Answer Session
Operator
(Operator's Instructions) Your first question comes from the line of Andrew Fones with UBS. Please proceed with your question.
Andrew Fones - UBS
Yes. Thanks, John. I was wondering if you could just kind of give us a sense of how Towers Perrin's results looked for the third quarter and whether you're kind of satisfied with the performance of their business in this touch economy, post the initial announcement? Thanks.
Roger F. Millay
I think in general the themes are pretty similar to what we said, I don't know, five weeks or so ago, that there were a lot of parallels in between our practices and Towers' business, and that general trends are pretty similar, so I think we're still in that same pattern.
John J. Haley
I mean, I guess just to elaborate on that, I mean, obviously we haven't disclosed any of the real detailed financial information on Towers Perrin or for our projection for Towers Watson and that won't come until after the S4. But Towers Perrin is in similar businesses to us, although the mix of business that they have is different, but they're affected by the same overall economic factors. So the results on them may be slightly different simply due to mix, but it's probably not due to overall economic factors acting differently on either one of us.
Operator
Your next question comes from the line of Tobey Sommer with SunTrust Robinson Humphrey. Please proceed with your question.
Tobey Sommer - SunTrust Robinson Humphrey
Thank you. I was wondering if I could get a little more color about some assumptions embedded into your guidance. I am curious what — and I may have missed this, I apologize as you did give an awful lot of detail. I am curious as to what the cash flow may be implied in the earnings range, and then also what sort of assumption you're using for the bonus number in fiscal 2010. Thanks.
John J. Haley
Yeah. In terms of cash flow we didn't give specific cash flow numbers for the year. I think our discussion was a little more general. The main reason for that is that the full year, from an overall merger cost point of view, is obviously unpredictable at this point, but we continue to expect, as I said, a strong cash flow year, but we didn't give a specific number.
Tobey Sommer - SunTrust Robinson Humphrey
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