Computer Task Group: 4Q Earnings Snapshot

February 25, 2020 GMT

BUFFALO, N.Y. (AP) _ Computer Task Group Inc. (CTG) on Tuesday reported fourth-quarter net income of $1.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Buffalo, New York-based company said it had profit of 12 cents. Earnings, adjusted for costs related to mergers and acquisitions, came to 14 cents per share.

The information technology staffing company posted revenue of $99.3 million in the period.

For the year, the company reported net income of $4.1 million, or 29 cents per share, swinging to a profit in the period. Revenue was reported as $394.2 million.


Computer Task Group expects full-year earnings in the range of 42 cents to 48 cents per share, with revenue in the range of $380 million to $400 million.

Computer Task Group shares have risen slightly more than 7% since the beginning of the year. The stock has increased 30% 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 CTG at https://www.zacks.com/ap/CTG