Sykes Enterprises Incorporated (SYKE) Releases Earnings Results, Beats Expectations By $0.04 EPS

Sykes Enterprises Incorporated (SYKE) reported quarterly earnings results on Monday, Aug-1-2016. The company said it had a profit of $0.36 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 $0.32. The company posted revenue of $364.40 million in the period, compared to analysts expectations of $336.85 million. The company’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Sykes Enterprises Incorporated closed down -0.44 points or -1.41% at $30.69 with 2,76,432 shares getting traded on Friday. Post opening the session at $31.05, the shares hit an intraday low of $30.5701 and an intraday high of $31.205 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 12, 2016, John Chapman (EVP & CFO) sold 1,300 shares at $29.60 per share price. According to the SEC, on May 9, 2016, James T Holder (Executive VP & Secretary) sold 6,213 shares at $29.50 per share price. On May 5, 2016, Lawrence Zingale (Executive Vice President) sold 36,000 shares at $29.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Sykes Enterprises Incorporated (Sykes) is engaged in providing outsourced customer contact management solutions and services in the business process outsourcing arena. The Company provides an array of customer contact management solutions to a range of clients primarily in the communications financial services technology/consumer leisure healthcare and other industry verticals. It serves its clients through two geographic operating regions: the Americas (United States Canada Latin America Australia and the Asia Pacific Rim) and EMEA (Europe the Middle East and Africa). Its Americas and EMEA groups provide customer contact management services (with an emphasis on inbound technical support and customer service) which include customer assistance healthcare and roadside assistance technical support and product sales to its clients customers. These services are delivered through multiple communication channels including phone e-mail social media text messaging and chat.

Sykes Enterprises Incorporated

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