Shares of IBEX Limited (IBEX) are falling more than 22% Thursday morning after reporting lower fourth-quarter profit, below analysts' view. The company's first-quarter as well as full-year revenue outlook came in below the consensus estimates.
Net income in the fourth quarter declined to $4.5 million or $0.24 per share from $6.4 million or $0.35 per share in the same quarter a year ago.
Excluding one-time items, earnings were $6.2 million or $0.33 per share, that missed the average estimate of analysts polled by Thomson-Reuters of $0.49 per share.
Revenue increased a meagre 0.7% to $124.4 million.
For the first quarter revenue is expected to be in the range of $122 to $125 million. Analysts expect the company to report revenue of $133.64 million.
For the full year, the company sees revenue in the range of $525 to $535 million, below the consensus estimate of $554.74 million.
IBEX is at $14.06 currently. It has traded in the range of $11.45 - $31.40 in the last 1 year.
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