Convergys Q3 Profit Tops Estimates - Quick Facts

(RTTNews) - Convergys Corporation (CVG), a global leader in customer management, reported third-quarter net income from continuing operations, net of tax, of $30.0 million or $0.28 per share, compared to $28.2 million or $0.26 per share, a year ago. Net earnings per share was $0.31, flat with prior year. Adjusted net income from continuing operations was $45 million, or $0.42 per share, for the quarter.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.38 for the quarter. Analysts' estimates typically exclude special items.

Total revenues were $749.5 million, compared to $521.0 million, a year ago. Analysts expected revenue of $751.50 million for the quarter. The company noted that the increase in revenue included $247 million from the Stream acquisition.

Convergys now expects 2014 revenue to approximate $2.85 billion; and adjusted EPS to approximate $1.52. Analysts expect the company to report 2014 earnings per share of $1.47 on revenue of $2.87 billion.