Amdocs: Fiscal 3Q Earnings Snapshot

July 31, 2018

CHESTERFIELD, Mo. (AP) _ Amdocs Ltd. (DOX) on Tuesday reported fiscal third-quarter earnings of $91.5 million.

On a per-share basis, the Chesterfield, Missouri-based company said it had profit of 64 cents. Earnings, adjusted for restructuring costs and amortization costs, were $1.03 per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of $1.03 per share.

The provider of computer systems integration posted revenue of $1 billion in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $1.01 billion.

For the current quarter ending in September, Amdocs expects its per-share earnings to range from 95 cents to $1.01.

The company said it expects revenue in the range of $980 million to $1.02 billion for the fiscal fourth quarter.

Amdocs shares have climbed 3 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $67.58, an increase of nearly 1 percent 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 DOX at https://www.zacks.com/ap/DOX

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