Premiere Global Services, Inc. (PGI) Tops Q2 EPS by 1c, Reaffirms Guidance

Premiere Global Services, Inc. (NYSE: PGI) reported Q2 EPS of $0.23, $0.01 better than the analyst estimate of $0.22. Revenue for the quarter came in at $144.3 million versus the consensus estimate of $144.12 million.

Based on current business trends and current foreign currency exchange rates, and assuming no additional acquisitions, PGi continues to anticipate that results for 2014 will be within the financial outlook ranges it provided on April 24, 2014—net revenues from continuing operations are projected to be in the range of $565-$575 million and non-GAAP diluted EPS from continuing operations is projected to be in the range of $0.85-$0.88—and free cash flow is projected to exceed $1.00 per share*. The Company continues to anticipate that it will reinvest excess earnings this year in product, sales and marketing initiatives designed to accelerate sales of its collaboration software applications and its transition to a SaaS model.

For earnings history and earnings-related data on Premiere Global Services, Inc. (PGI) click here.

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