Convergys Corp. (CVG: Quote) reported that its second-quarter net income was $14.6 million or $0.13 per share, compared to $31.7 million or $0.26 per share in the same quarter last year.
Adjusted net income from continuing operations rose to $22.5 million or $0.19 per share from $21.2 million or $0.17 per share in the previous year period. On average, ten analysts polled by Thomson Reuters expected the company to report earnings of $0.17 per share. Analysts' estimates typically exclude special items.
Total revenues for the quarter rose 3% to $491 million from $475 million in the prior year quarter, while eight analysts had a consensus revenue estimate of $483.85 million for the quarter.
Looking ahead for fiscal 2012, the company raised its adjusted earnings per share to a range of $0.80 to $0.85 from its previous estimate of $0.75 to $0.80 per share. The company anticipates Customer Management revenue of $1.975 billion to $2 billion, increasing from $1.919 billion last year. Analysts expect the company to report earnings of $0.79 per share for fiscal 2012.
The company's next dividend payment is scheduled to be made on October 5, 2012, to shareholders of record at the close of business on September 21, 2012.
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by RTT Staff Writer
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