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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