ENGLEWOOD, Colo. (AP) _ Evolving Systems Inc. (EVOL) on Tuesday reported first-quarter net income of $484,000.
On a per-share basis, the Englewood, Colorado-based company said it had profit of 4 cents. Earnings, adjusted for one-time gains and costs, came to 8 cents per share.
The provider of software services to the wireless, wire-line and cable markets posted revenue of $8.2 million in the period.
In the final minutes of trading on Tuesday, the company's shares hit $3.30. A year ago, they were trading at $5.10.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EVOL at https://www.zacks.com/ap/EVOL