CSG Systems Q3 Profit Rises

(RTTNews) - CSG Systems International Inc. (CSGS) Tuesday reported third-quarter net income of $15.3 million or $0.47 per share, compared to $9.4 million or $0.29 per share last year.

Adjusted earnings for the quarter were $0.52 per share, up from $0.50 per share last year. Analysts polled by Thomson Reuters on a consensus estimated earnings of $0.50 per share. Analysts' estimates typically exclude one-time items.

Revenues for the quarter dropped 2 percent to $186.2 million from $190.0 million a year ago. Analysts estimated revenues of 187.63 million for the quarter.

Looking forward to the full year 2013, CSG continues to expect earnings of $1.49 to $1.61 per share, adjusted earnings of $2.05 to $2.15 per share, and revenues of $740 million to $760 million. Analysts currently estimate earnings of $2.11 per share on revenues of $747.63 million for the quarter.