StarTek (SRT) Misses Q2 EPS by 1c, Miss on Revenues

StarTek (NYSE: SRT) reported Q2 EPS of $0.03, $0.01 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $74 million versus the consensus estimate of $76.37 million.

Second Quarter 2017 Summary (vs. year-ago quarter where applicable)

• Total revenue was $74.0 million compared to $73.7 million.
• Gross profit increased 28% to $9.0 million, with gross margin up 260 basis points to 12.1%.
• Net income increased significantly to $0.6 million or $0.03 per diluted share, compared to $(1.7) million or $(0.11) per share.
• Adjusted EBITDA* increased 91% to $4.4 million.
• Won $62.3 million of new business (annual contract value), including a new entertainment client and several expanded client engagements including a healthcare client.

For earnings history and earnings-related data on StarTek (SRT) click here.

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