Convergys Corp. Q1 adjusted earnings Beat Estimates

(RTTNews) - Convergys Corp. (CVG) released a profit for first quarter that fell from the same period last year.

The company's earnings totaled $29.8 million, or $0.30 per share. This compares with $37.9 million, or $0.38 per share, in last year's first quarter.

Excluding items, Convergys Corp. reported adjusted earnings of $40.4 million or $0.41 per share for the period.

Analysts had expected the company to earn $0.40 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.3% to $674.2 million from $727.6 million last year.

Convergys Corp. earnings at a glance:

-Earnings (Q1): $40.4 Mln. vs. $52.1 Mln. last year. -EPS (Q1): $0.41 vs. $0.52 last year. -Analysts Estimate: $0.40 -Revenue (Q1): $674.2 Mln vs. $727.6 Mln last year.