Computer Task Group (CTGX) Tops Q3 EPS By 1c; Issues Mixed Guidance for Q4 and FY

October 27, 2009 5:25 PM EDT

Computer Task Group (NASDAQ: CTGX) reports Q3 EPS of $0.10, 1 cent better than the analyst estimate of $0.09. Revenue for the quarter was $66.8 million, which compares to the estimate of $67 million.

Based on the Company's current business activity and pipeline, CTG expects its 2009 fourth quarter revenue to range from $67 million to $69 million, an 18% decrease from 2008 at the midpoint of this range. (consensus is $71.50M)

The Company projects 2009 fourth quarter net income per diluted share of $0.09 to $0.11, a 33% decrease from 2008 at the midpoint of this range and a 17% decrease when the 2008 fourth quarter currency exchange gain of $0.03 is excluded. (Consensus is $0.09)

The Company's current revenue forecast for the full year ranges from $275 million to $277 million, a 22% decrease from 2008 at the midpoint of this range. CTG currently projects 2009 net income per diluted share of $0.37 to $0.39, a 22% decrease from 2008 at the midpoint of this range. (Consensus is $279.64M and $0.36)

Related Categories

Earnings
Guidance

Stocks Mentioned

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?