Vertex, Inc. (VERX) revealed earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $11.13 million, or $0.07 per share. This compares with $2.68 million, or $0.02 per share, last year.
Excluding items, Vertex, Inc. reported adjusted earnings of $24.49 million or $0.15 per share for the period.
Analysts on average had expected the company to earn $0.13 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 12.9% to $177.06 million from $156.78 million last year.
Vertex, Inc. earnings at a glance (GAAP) :
-Earnings: $11.13 Mln. vs. $2.68 Mln. last year.-EPS: $0.07 vs. $0.02 last year.-Revenue: $177.06 Mln vs. $156.78 Mln last year.
-Guidance:Next quarter revenue guidance: $182 - $187 MlnFull year revenue guidance: $760 - $768 Mln
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