HAMILTON, Bermuda (AP) _ Genpact Ltd. (G) on Thursday reported third-quarter net income of $88.1 million.
On a per-share basis, the Hamilton, Bermuda-based company said it had net income of 45 cents. Earnings, adjusted for stock option expense and amortization costs, were 56 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The business process management services provider posted revenue of $888.8 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $879.3 million.
Genpact expects full-year earnings in the range of $2.02 to $2.04 per share, with revenue in the range of $3.46 billion to $3.5 billion.
Genpact shares have risen 50% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $40.46, an increase of 38% in the last 12 months.