Convergys Corp (CVG) Releases Earnings Results, Beats Expectations By $0.05 EPS

Convergys Corp (CVG) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $0.50 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.45. The company posted revenue of $722.20 million in the period, compared to analysts expectations of $730.63 million. The company’s revenue was down -2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Many Wall Street Analysts have commented on Convergys Corp. Convergys Corp was Downgraded by Sidoti to ” Neutral” on Apr 4, 2016. Convergys Corp was Downgraded by Wells Fargo to ” Market Perform” on Feb 25, 2016.

Convergys Corp (CVG) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $26.08 and reached the intraday high at $26.27. The bulls started the profit booking and pushed the shares to intraday low of $25.78. The trading session was marked by a volume range of 6,04,341 shares exchanging hands. The 52-week high of the shares is $27.84 and the 52-week low is $20.57. The market cap of the company stands at $2,534 M and there are 9,65,85,169 shares in public circulation.

In a different news, on Mar 2, 2016, Jeffrey H Fox (director) sold 40,000 shares at $25.99 per share price. According to the SEC, on Mar 2, 2016, Taylor C Greenwald (Chief Accounting Officer) sold 4,431 shares at $25.86 per share price. On Feb 29, 2016, Joseph E Gibbs (director) sold 4,681 shares at $25.85 per share price, according to the Form-4 filing with the securities and exchange commission.

Convergys Corporation (Convergys) provides customer management services. The Company serves brands in industries such as communications and media technology financial services retail and healthcare. The Company invests in a combination of global quality delivery comprehensive solutions and close client engagement. The Company invests in solutions consisting of services technology and analytics that support the life-cycle of contact types including service sales retention and collections. Its analytics and consulting solutions are post-contact surveys relational loyalty research segmentation and profiling repeat call analysis agent path analysis customer interaction assessment chat optimization and integrated contact center analytics.

Convergys Corp

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