Click to copy
Click to copy

Sykes: 2Q Earnings Snapshot

July 30, 2019

TAMPA, Fla. (AP) _ Sykes Enterprises Inc. (SYKE) on Tuesday reported second-quarter net income of $11.3 million.

On a per-share basis, the Tampa, Florida-based company said it had profit of 27 cents. Earnings, adjusted for one-time gains and costs, came to 41 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

The outsourcing company posted revenue of $389 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $396.2 million.

For the current quarter ending in October, Sykes expects its per-share earnings to range from 45 cents to 48 cents.

The company said it expects revenue in the range of $400 million to $405 million for the fiscal third quarter.

Sykes expects full-year earnings in the range of $2.07 to $2.14 per share, with revenue ranging from $1.62 billion to $1.63 billion.

Sykes shares have increased 18% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $29.18, a decrease of 1% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SYKE at https://www.zacks.com/ap/SYKE

All contents © copyright 2019 The Associated Press. All rights reserved.