Sapient Corp. (SAPE) reported that its third-quarter net income decreased to $5.933 million or $0.04 per share from $18.067 million or $0.14 per share last year.
Non-GAAP net income decreased to $14.725 million or $0.11 per share from $23.447 million or $0.18 per share last year.
On average, 9 analysts polled by Thomson Reuters expected the company to report profit of $0.07 per share for the quarter. Analysts' estimates typically exclude special items.
Total gross revenues decreased to $172.460 million from $184.120 million last year. Analysts expected revenue of $162.03 million for the quarter.
For the fourth quarter, the company expects service revenues to be in the range of $172 million-$175 million.
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