Amdocs Ltd (DOX) revealed a profit for second quarter that decreased from last year and missed the Street estimates.
The company's bottom line totaled $118.5 million, or $1.01 per share. This compares with $149.6 million, or $1.23 per share, in last year's second quarter.
Excluding items, Amdocs Ltd reported adjusted earnings of $182.7 million or $1.56 per share for the period.
Analysts on average had expected the company to earn $1.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 2.5% to $1.25 billion from $1.22 billion last year.
Amdocs Ltd earnings at a glance (GAAP) :
-Earnings (Q2): $118.5 Mln. vs. $149.6 Mln. last year.
-EPS (Q2): $1.01 vs. $1.23 last year.
-Revenue (Q2): $1.25 Bln vs. $1.22 Bln last year.
-Guidance:
Next quarter EPS guidance: $1.27-$1.32
Next quarter revenue guidance: $1.23-$1.27 Billion
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