Convergys Corp. Q1 Income Advances 4%

(RTTNews) - Convergys Corp. (CVG) announced a profit for its first quarter that gained ground compared to the same period last year.

The company said its bottom line advanced to $51.6 million, or $0.50 per share. This was up from $49.8 million, or $0.47 per share, in last year's first quarter.

Analysts had expected the company to earn $0.45 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.5% to $722.2 million. This was down from $740.5 million last year.

Convergys Corp. earnings at a glance:

-Earnings (Q1): $51.6 Mln. vs. $49.8 Mln. last year. -Earnings Growth (Y-o-Y): 3.6% -EPS (Q1): $0.50 vs. $0.47 last year. -EPS Growth (Y-o-Y): 6.4% -Analysts Estimate: $0.45 -Revenue (Q1): $722.2 Mln vs. $740.5 Mln last year. -Revenue Change (Y-o-Y): -2.5%