Convergys (CVG) Reports In-Line Q3 EPS

Convergys (NYSE: CVG) reported Q3 EPS of $0.46, in-line with the analyst estimate of $0.46. Revenue for the quarter came in at $741 million versus the consensus estimate of $760.53 million.

2016 Business Outlook

Based upon performance year-to-date and continued volume fluctuations in the communications industry, Convergys revised expectations for 2016 revenue, EBITDA and EPS now include:

• Consolidated constant currency revenue growth flat, revised from prior guidance to approximate 2 percent;
• Consolidated adjusted EBITDA margin to approximate 12.5 percent, revised from prior guidance to approximate 12.9 percent;
• Adjusted effective tax rate to approximate 19 percent, revised from prior guidance to approximate 21 percent;
• Diluted shares outstanding to approximate 103 million, unchanged from prior guidance;
• Adjusted EPS growth of 4 percent to 5 percent, revised from prior guidance of 7 percent to 9 percent.

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

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