Sykes Results Top Estimate; Lifts FY Guidance

(RTTNews) - Sykes Enterprises Inc (SYKE), Monday reported third-quarter net earnings of $16.6 million or $0.39 per share compared with $14 million or $0.33 per share last year.

Excluding items, adjusted earnings for the quarter were $0.45 per share compared with $0.39 per share a year ago.

Revenues for the quarter were $332.7 million compared with $322 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.36 per share on revenues of $330.6 million for the quarter. Analysts' estimates typically exclude special items.

For the fourth quarter, the company expects adjusted earnings of $0.50 to $0.54 per share on revenues of $345 million to $350 million. Analysts expect earnings of $0.44 per share on revenues of $340.2 million.

For the full year, Skypes now expects adjusted earnings of $1.52 to $1.56 per share on revenues of $1.32 billion to $1.33 billion. It earlier expected earnings of $1.34 to $1.41 per share on revenues of $1.31 billion to $1.32 billion.

Analysts expect earnings of $1.36 per share on revenues of $1.32 billion for the year.

The company announced the appointment of Drew Blanchard. As Executive Vice President, Blanchard will be responsible for developing and executing the overall sales and client account management strategies for the financial services, healthcare and retail verticals.

Sykes Enterprises, based in Tampa, Florida, provides outsourced customer contact management solutions and business process outsourcing arena.