Ness Technologies Reports 17 Cent Adjusted EPS (NSTC)

Tel Aviv, Israel-based Ness Technologies, Inc. NSTC on Wednesday morning released financial results. Ness Technologies, Inc reported that its 4th quarter net income of $4.1 million, or 11 cents per share, compared to a net loss of $55.9 million, or $1.45 per share, a year earlier. Excluding special items, the company's earnings from continuing operations were 17 cents per share. Ness Technologies, Inc reported revenue of $157.41 million, up 12% from $135.58 million a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 14 cents per share, on revenue of $157.39 million. Ness Technologies, Inc. (NSTC) ended the previous trading session at $6.15 per share. Analysts covering the company's stock have a consensus price target of $7.10 per share. Ness Technologies, Inc is a global provider of IT and business services and solutions with specialized expertise in software product engineering; and system integration, application development, consulting and software distribution. Read more from Benzinga's Company news.