Convergys: 2Q Earnings Snapshot

August 7, 2018

CINCINNATI (AP) _ Convergys Corp. (CVG) on Tuesday reported second-quarter net income of $13.9 million.

The Cincinnati-based company said it had net income of 14 cents per share. Earnings, adjusted for non-recurring costs, came to 36 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 36 cents per share.

The customer management company posted revenue of $649.4 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $634.8 million.

Convergys shares have increased almost 5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $24.62, a climb of 4.5 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 CVG at https://www.zacks.com/ap/CVG

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