Convergys (CVG) Tops Q1 EPS by 5c, Offers FY Outlook

Convergys (NYSE: CVG) reported Q1 EPS of $0.50, $0.05 better than the analyst estimate of $0.45. Revenue for the quarter came in at $722 million versus the consensus estimate of $730.63 million.

2016 Business Outlook

Convergys expectations for 2016 revenue, EBITDA and EPS now include:

• Constant currency revenue growth to approximate zero percent, revised from prior guidance to approximate 1 percent;
• Adjusted EBITDA margin to approximate 13 percent, unchanged from prior guidance;
• Adjusted effective tax rate to approximate 21 percent, unchanged from prior guidance;
• Diluted shares outstanding to approximate 104 million, unchanged from prior guidance;
• Adjusted EPS growth of 5 percent to 8 percent, unchanged from prior guidance.

For earnings history and earnings-related data on Convergys (CVG) click here.

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