Convergys Corp. (CVG) reported net income for the first quarter of $25.1 million or $0.23 per share, compared to $26.1 million or $0.22 per share for the year-ago quarter.
Income from continuing operations for the first quarter was $30.2 million, or $0.27 per share, compared to $21.4 million or $0.18 per share in the prior year quarter.
Excluding items, adjusted income from continuing operations for the first quarter was $30.2 million, or $0.27 per share, compared to $26 million or $0.22 per share in the first quarter of last year.
Revenue for the first quarter fell to $493.5 million from $497.5 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn $0.23 per share on revenue of $499.79 million for the first quarter. Analysts' estimates typically exclude special items.
Convergys paid its quarterly dividend of $0.06 per share in April to holders of record at the close of business on March 22. The next dividend payment is scheduled to be made on July 5 to shareholders of record on June 21.
The company said it now expects full year 2013 revenue to exceed $2,055 million, revised from the company's prior guidance to exceed $2,045 million.
The company also said it now expects full year 2013 adjusted EPS to exceed $1.05, improving from prior guidance to exceed $1.00.
Analysts currently expect the company to earn $1.03 per share on revenue of $2.06 billion for the full year 2013.
The company expects second-half 2013 results to exceed first-half 2013 results.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.