Premiere Global Services Q2 Profit Rises; Cuts FY13 Outlook

(RTTNews) - Premiere Global Services, Inc. (PGI) reported second-quarter net income of $7.98 million or $0.17 per share, compared to $6.47 million or $0.13 per share in the comparable quarter last year.

Excluding items, non-GAAP net income from continuing operations was $9.4 million or $0.20 per share, compared to $9.0 million or $0.19 per share in the year-ago quarter.

On average, 3 analysts polled by Thomson Reuters expected the company to earn $0.20 per share for the quarter. Analysts' estimates typically excludes special items.

Net revenues for the latest quarter rose to $132.18 million or $127.02 million a year ago, while two analysts expected revenues of $132.12 million for the quarter.

Looking forward to fiscal 2013, the company lowered its non- GAAP earnings per share from continuing operations to a range of $0.78 to $0.81 and revenues to a range of $517-$523 million.

Earlier, the company expected non- GAAP earnings per share from continuing operations to be in the range of $0.80 to $0.84 and revenues in the range of $520-$530 million.

Analysts currently expect the company to earn $0.82 per share on revenues of $524.52 million for the full year 2013.