West Corp. Q2 Profit Rises

(RTTNews) - West Corporation (WSTC) Thursday reported second-quarter net income of $47.8 million or $0.56 per share, up from $43.7 million or $0.51 per share last year.

Adjusted earnings for the quarter improved to $62.0 million or $0.73 per share, up from $60.7 million or $0.71 per share last year. On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.70 per share for the quarter. Analysts' estimates typically exclude special items.

Consolidated revenues for the quarter grew 2.7 percent from $691.1 million from last year's $672.7 million last year. Analysts had a consensus revenue estimate of $681.88 million for the quarter.

The company also announced a $0.225 per share quarterly dividend, payable on August 21 to shareholders of record as of August 11.

Looking forward to the full year 2014, the company now expects revenues of $2.775-$2.820 billion, up from prior outlook of $2.700-$2.755 billion. Analysts currently estimate revenues of $2.78 billion.

The company now expects adjusted earnings of $2.87-$3.04 per share, and earnings of $1.64-$1.81 per share. Analysts currently estimate earnings of $2.89 per share for 2014.

Earlier, the company expected adjusted earning of $2.72-$2.89 per share and earnings of $2.17-$2.34 per share.