CSG Systems: Q1 Earnings Snapshot
ENGLEWOOD, Colo. (AP) — ENGLEWOOD, Colo. (AP) — CSG Systems International Inc. (CSGS) on Wednesday reported first-quarter net income of $20.9 million.
On a per-share basis, the Englewood, Colorado-based company said it had profit of 68 cents. Earnings, adjusted for one-time gains and costs, came to $1.04 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
The provider of support services for the communications industry posted revenue of $298.7 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $273.6 million.
CSG Systems expects full-year earnings in the range of $3.35 to $3.65 per share, with revenue in the range of $1.13 billion to $1.17 billion.
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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 CSGS at https://www.zacks.com/ap/CSGS
