Convergys Corp (CVG) Releases Earnings Results, Beats Expectations By $0.04 EPS

Convergys Corp (CVG) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $0.41 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.37. The company posted revenue of $692.30 million in the period, compared to analysts expectations of $695.73 million. The company’s revenue was down -3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Convergys Corp opened for trading at $26.93 and hit $27.54 on the upside on Friday, eventually ending the session at $27.39, with a gain of 2.09% or 0.56 points. The heightened volatility saw the trading volume jump to 6,50,784 shares. Company has a market cap of $2,643 M.

In a different news, on Jun 6, 2016, Jeffrey H Fox (director) sold 15,000 shares at $28.15 per share price. According to the SEC, on May 13, 2016, Richard F Wallman (director) sold 4,790 shares at $27.71 per share price. On Mar 2, 2016, Taylor C Greenwald (Chief Accounting Officer) sold 4,431 shares at $25.86 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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