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CGI: Fiscal 3Q Earnings Snapshot

July 31, 2019

MONTREAL (AP) _ CGI Group Inc. (GIB) on Wednesday reported fiscal third-quarter profit of $231.3 million.

On a per-share basis, the Montreal-based company said it had profit of 84 cents. Earnings, adjusted for non-recurring costs, came to 91 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.

The information technology and business process services company posted revenue of $2.33 billion in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $2.35 billion.

CGI shares have risen 30% since the beginning of the year. The stock has increased 25% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GIB at https://www.zacks.com/ap/GIB

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