Convergys Updates Full Year Expectations - Quick Facts

(RTTNews) - Convergys Corporation (CVG) announced, the company's updated 2017 guidance includes: an adjusted EPS growth of positive 1 percent to positive 3 percent, improved from prior guidance of negative 3 percent to positive 3 percent; and a constant currency revenue change of negative 4 percent to negative 2 percent, revised from prior guidance of negative 3 percent to positive 1 percent.

Second-quarter adjusted EPS was $0.46, compared with $0.41 in prior year. Revenue was $687 million, down 1 percent as reported and a slight increase on a constant currency basis compared with prior year, including a 6 percent contribution from the buw acquisition.

The company now expects third-quarter results to be approximately the same as second-quarter results with sequential improvements in the fourth quarter.