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Perficient: 1Q Earnings Snapshot

May 7, 2020 GMT

ST. LOUIS (AP) _ Perficient Inc. (PRFT) on Thursday reported first-quarter earnings of $9 million.

The St. Louis-based company said it had net income of 27 cents per share. Earnings, adjusted for one-time gains and costs, came to 51 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.

The information technology consulting firm posted revenue of $145.6 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $145 million.

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Perficient shares have dropped 27% since the beginning of the year. The stock has increased nearly 6% in the last 12 months.

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