Convergys Expects 2017 Revenue, EPS At Lower End Of Prior Guidance Ranges

(RTTNews) - Convergys Corp. (CVG) confirmed full-year expectations with revenue and EPS at the lower end of previously provided guidance ranges: constant currency revenue change to approximate negative 4 percent; and adjusted EPS growth to approximate 1 percent.

Third-quarter adjusted net income was $42 million, or $0.42 per share, compared with income from continuing operations of $48 million, or $0.46 per share, in the same period last year. Revenue was $688 million, down 7 percent as reported and on a constant currency basis compared with prior year, including a 2 percent contribution from the buw acquisition.

The company now expects slight improvement in its fourth-quarter results compared with third-quarter results.