Amdocs Q3 Profit Beats Estimates - Quick Facts

(RTTNews) - Amdocs Limited (DOX) reported third-quarter net income of $109.8 million, or $0.68 per share, compared to $119.6 million, or $0.73 per share, prior year. Net income on a non-GAAP basis was $130.9 million, or $0.81 per share, for the quarter.

On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.79 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $902.5 million, up 7.3% as compared to $841.33 million, last year. Analysts expected revenue of $901.96 million for the quarter.

Amdocs expects that revenue for the fourth quarter will be approximately $890-$920 million. Earnings per share on a non-GAAP basis for the fourth fiscal quarter are expected to be $0.75-$0.81. Amdocs estimates GAAP earnings per share for the fourth fiscal quarter will be $0.61-$0.69. Analysts expect the company to report fourth-quarter earnings per share of $0.81 on revenue of $908.82 million.