Convergys Q4 Profit Tops Estimates - Quick Facts

(RTTNews) - Convergys Corporation (CVG) reported fourth-quarter net income of $48.4 million or $0.46 per share, compared to a loss of $21.5 million or $0.21 per share, prior year. Adjusted earnings per share from continuing operations was $0.52, for the quarter.

On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.44 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $763.9 million from $527.3 million last year. Analysts expected revenue of $760.47 million for the quarter. The company noted that the increase in revenue included $253 million from the Stream acquisition.

For 2015, the company targets: revenue of $2.97 billion to $3.05 billion, and adjusted EPS of $1.65 to $1.75. Analysts expect the company to report fiscal 2015 earnings per share of $1.71 on revenue of $3.07 billion.