Perficient Reports Third Quarter 2020 Results
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Perficient, Inc. (PRFT) Tops Q3 EPS by 7c, Revenues Beat; Offers 4Q & FY20 EPS Outlook Above Consensus, Provides FY20 Revenue Mid-Point Outlook Above Consensus
October 29, 2020 8:12 AM EDTPerficient, Inc. (NASDAQ: PRFT) reported Q3 EPS of $0.67, $0.07 better than the analyst estimate of $0.60. Revenue for the quarter came in at $157.7 million versus the consensus estimate of $156.05 million.
For the quarter ended September 30, 2020:
Services revenues net of reimbursed expenses increased 11% to $155.2 million from $140.2 million in the third quarter of 2019;Total revenues increased 9% to $157.7 million from $144.7 million in the third quarter of 2019;Net income decreased 37% to $6.2 million from $9.8 million in the third quarter of 2019, reflecting a nonrecurring loss on debt extinguishment and an adjustment to fair value of contingent... More