Tuesday, Convergys Corp. (CVG) said its fourth-quarter net income was $41.6 million or $0.33 per share compared with a loss of $29.3 million or $0.24 per share in the prior year period. On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of $0.31 per share for the quarter.
Revenues for the quarter declined to $684.4 million from $703.7 million in the comparable period. Thirteen analysts estimated revenues of $663.70 million for the quarter.
For 2010, Convergys expects earnings per share of $1.05 - $1.20. Revenue for the year is anticipated to be around $2.6 billion. Fourteen analysts estimate earnings of $1.17 per share and thirteen analysts estimate revenues of $2.72 billion for the year.
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