West Corp. (WSTC) Tops Q2 EPS by 3c

West Corp. (NASDAQ: WSTC) reported Q2 EPS of $0.78, $0.03 better than the analyst estimate of $0.75. Revenue for the quarter came in at $582.4 million versus the consensus estimate of $576.84 million.

“I am very pleased with the result of our debt refinancing. We were able to achieve our goals of extending our maturities, reducing risk by increasing the fixed portion of our debt and maintaining a very attractive priced cost of debt,” said Madsen. “Due to the accelerated amortization expense resulting from our debt refinancing and the sale of the real estate associated with the divested agent-based businesses, we now expect income from continuing operations to be $14 million lower than previous guidance with a corresponding decrease in diluted earnings per share from continuing operations and operating income and EBITDA are expected to be $12 million higher than previous guidance. We continue to be on track to achieve our other guidance metrics for the year.”

For earnings history and earnings-related data on West Corp. (WSTC) click here.

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