Harte-Hanks, Inc. (HHS) Tops Q2 EPS by 2c

Harte-Hanks, Inc. (NYSE: HHS) reported Q2 EPS of $0.12, $0.02 better than the analyst estimate of $0.10. Revenue for the quarter came in at $140.3 million versus the consensus estimate of $140.55 million.

Commenting on the second quarter performance, Chief Executive Officer Robert Philpott said, "We made solid progress against our strategic plan in the second quarter. We remain focused on revenue growth, and this concerted effort to take our share of the market is shown by a second consecutive quarter of revenue advancement. Clearly, Harte Hanks' clients are supportive of the changes we are making to our business. Our target remains sustainable, consistent long-term revenue growth and our most recent performance confirms that we are on the right path to achieve this.

"We also continue to actively manage the cost side of our business. We have brought our on-going labor costs into line with our revenue performance and I expect to see added efficiencies over the coming months. Our attention is also focused on our geographic footprint and we are making excellent progress in streamlining our property portfolio in a way that makes it more closely correlated with the needs of our clients. The financial benefits of exiting long-term fixed costs, such as property leases, combined with labor efficiency gains, will become more apparent over time.

"Overall we can be satisfied with another quarter where we have successfully combined strategic change with operational performance. We are laying an excellent foundation for our future prospects and I am confident that the benefits of the work we have completed in the first half of 2014 will improve stockholder value."

For earnings history and earnings-related data on Harte-Hanks, Inc. (HHS) click here.

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