Convergys Corp. Reveals 12% Fall In Q3 Bottom Line

(RTTNews) - Convergys Corp. (CVG) reported a profit for third quarter that retreated from last year.

The company said its bottom line declined to $41.9 million, or $0.42 per share. This was down from $47.8 million, or $0.46 per share, in last year's third quarter.

Analysts had expected the company to earn $0.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.1% to $688.3 million. This was down from $741.2 million last year.

Convergys Corp. earnings at a glance:

-Earnings (Q3): $41.9 Mln. vs. $47.8 Mln. last year. -Earnings Decline (Y-o-Y): -12.3% -EPS (Q3): $0.42 vs. $0.46 last year. -EPS Decline (Y-o-Y): -8.7% -Analysts Estimate: $0.44 -Revenue (Q3): $688.3 Mln vs. $741.2 Mln last year. -Revenue Change (Y-o-Y): -7.1%