Lake Street Capital Markets Upgrades StarTek (SRT) to Buy
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STARTEK Reports Third Quarter 2016 Results
November 7, 2016 4:05 PM ESTGREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)-- StarTek, Inc. ("STARTEK") (NYSE: SRT), a provider of business process outsourcing services, has reported financial results for the third quarter ended September 30, 2016.
Third Quarter 2016 Highlights (vs. year-ago quarter where applicable)
Total revenue increased 8% to $78.3 million Gross margin increased 890 basis points to 13.2% Selling, general, and administrative (SG&A) expenses decreased $0.6 million to $8.8 million Net income improved to $0.9 million or $0.05 per share, compared to a net loss of $7.7 million or $(0.49) per share... More