TeleTech Holdings Profit Falls

(RTTNews) - TeleTech Holdings Inc. (TTEC), a provider of customer experience management solutions, Monday reported fourth-quarter net income to stockholders of $19.5 million compared with $20.4 million last year. On a per share basis, earnings for the quarter were unchanged at $0.38.

Excluding items, adjusted earnings for the quarter were $24 million or $0.47 per share.

Revenues for the quarter were $318 million compared with $295 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0. per share on revenues of $ million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2014, the company expects year-over-year revenue growth of between 4 and 6 percent from $1.24 billion to $1.26 billion, reflecting an expected two percent adverse impact from foreign exchange translation.

Analysts estimate revenue growth of 5.1 percent for 2014, implying revenue of $1.24 billion.

TeleTech announced an additional $25 million for future share repurchases. The company repurchased about 2.48 million shares of common stock for a total of $56.5 million in 2013. As of December 2013, there was $18.9 million available for future share repurchases.