Computer Task Group: 4Q Earnings Snapshot

Computer Task Group: 4Q Earnings Snapshot

BUFFALO, N.Y. (AP) _ Computer Task Group Inc. (CTG) on Tuesday reported a loss of $5.3 million in its fourth quarter.

On a per-share basis, the Buffalo, New York-based company said it had a loss of 39 cents. Earnings, adjusted for pretax expenses and severance costs, were 3 cents per share.

The information technology staffing company posted revenue of $93.1 million in the period.

For the year, the company reported a loss of $2.8 million, or 20 cents per share, swinging to a loss in the period. Revenue was reported as $358.8 million.

Computer Task Group expects full-year earnings in the range of 30 cents to 40 cents per share, with revenue in the range of $380 million to $410 million.

The company's shares closed at $4.40. A year ago, they were trading at $5.87.

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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 CTG at https://www.zacks.com/ap/CTG

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