Convergys Profit Tops Estimates; Cuts FY Revenue Guidance

(RTTNews) - Convergys Corp. (CVG) Wednesday reported third-quarter net income of $34 million or $0.31 per share compared with $28 million or $0.24 per share last year.

Excluding items, adjusted earnings for the quarter were $31 million or $0.29 per share compared with $30 million or $0.26 per share a year ago.

Revenues for the quarter were $521 million compared with $507.6 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.26 per share on revenues of $524.04 million for the quarter. Analysts' estimates typically exclude special items.

For fiscal year 2013, the company now expects adjusted earnings of $1.10 per share on revenues of $2.045 billion. It earlier expected adjusted earnings of $1.05 per share on revenues of $2.055 billion.

Analysts expect earnings of $1.07 per share on revenues of $2.06 billion for the year.