Sapient Reports Q3 Adj. EPS Of $0.22 - Quick Facts

(RTTNews) - Sapient Corp. (SAPE) reported third-quarter net income to shareholders of $22.27 million or $0.16 per share, compared to $26.35 million or $0.19 per share, prior year. Adjusted earnings per share was $0.22, for the quarter.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.17 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $364.63 million from $334.88 million last year. Analysts expected revenue of $356.67 million for the quarter.

On November 3, 2014, Sapient filed a Current Report on Form 8-K with the SEC announcing it had entered into an agreement and plan of merger agreement with Publicis Groupe, S.A., whereby Publicis will cause its merger sub to commence a cash tender offer within 10 business days following the date of the merger agreement, for all of the company's outstanding shares of common stock at a purchase price of $25.00 per share. Sapient will not be hosting a conference call and webcast to discuss the quarter's results.