Convergys Reports 37 Cent EPS, $573.2 Million Revenue (CVG)

Cincinnati, Ohio-based Convergys Corporation CVG on Wednesday morning released financial results that were just above Wall Street expectations. Convergys Corporation reported that a 4th quarter loss from continuing operations of $147 million, or $1.20 per share, compared with a loss of $3 million, or 2 cents per share, a year earlier. Excluding special items, the company earned 31 cents per share. Convergys Corporation reported revenue of $573.2 million, down 4% from $596.0 million a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 30 cents per share, on revenue of $566.38 million. Convergys Corporation (CVG) ended the previous trading session at $14.21 per share. Analysts covering the company's stock have a consensus price target of $14.78 per share. Convergys Corporation is a global leader in relationship management, providing solutions that drive more value from the relationships its clients have with their customers. Read more from Benzinga's Company news.