Computer Task Group (CTG) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $0.05 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.04. The company posted revenue of $83.50 million in the period, compared to analysts expectations of $85.77 million. The company’s revenue was down -11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.
Computer Task Group closed down -0.01 points or -0.19% at $5.35 with 9,281 shares getting traded on Wednesday. Post opening the session at $5.36, the shares hit an intraday low of $5.35 and an intraday high of $5.4 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jan 8, 2016, Filip J L Gyde (Senior Vice President) sold 6,318 shares at $6.51 per share price. According to the SEC, on Nov 13, 2015, Brendan M Harrington (Chief Financial Officer, SVP) sold 2,518 shares at $6.76 per share price. On Jul 31, 2015, Daniel J Sullivan (director) purchased 5,000 shares at $7.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Computer Task Group Incorporated (CTG) is an information technology (IT) solutions and staffing services company with operations in North America and Europe. The Company is engaged in providing IT services including IT Solutions and IT Staffing. CTG’s delivery of services includes the selection and implementation of packaged software and the design development testing and integration of new systems and the development and implementation of software and solutions designed for a specific client or vertical market. CTG recruits retains and manages IT and other talent for its clients including technology service providers and companies with multiple locations and need for external IT administrative or warehouse resources. CTG provides these primary services to four vertical market focus areas: healthcare which includes services provided to healthcare providers health insurers (payers) and life sciences companies; technology service providers; financial services and energy.