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Perficient: 3Q Earnings Snapshot

October 29, 2020 GMT

ST. LOUIS (AP) _ Perficient Inc. (PRFT) on Thursday reported third-quarter profit of $6.2 million.

The St. Louis-based company said it had net income of 19 cents per share. Earnings, adjusted for one-time gains and costs, came to 67 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.

The information technology consulting firm posted revenue of $157.7 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $157.1 million.

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For the current quarter ending in December, Perficient expects its per-share earnings to range from 68 cents to 71 cents.

The company said it expects revenue in the range of $156 million to $161 million for the fiscal fourth quarter.

Perficient expects full-year earnings in the range of $2.42 to $2.45 per share, with revenue ranging from $606 million to $611 million.

Perficient shares have dropped 16% since the beginning of the year. The stock has fallen slightly more than 1% 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