Tepid 2011 expected for Convergys

Tepid 2011 expected for ConvergysAn adjusted quarterly profit that met market estimates was posted by Convergys but the call center operator expects a tepid full-year forecast.

Convergys expects 2011 customer management and information management sales in excess of $2.18 billion, forecast full-year earnings of $1.00-$1.15 a share.

From in.finance.yahoo.com:

Analysts on average were looking for earnings of $1.14 a share, on sales of $2.24 billion, according to Thomson Reuters I/B/E/S.

“We expect to report higher revenue, EBITDA and earnings in 2011 versus 2010,” Chief Executive Jeff Fox said.

October-December loss from continuing operations was $147 million, or $1.20 a share, compared with loss of $3 million, or 2 cents a share, a year ago.

Excluding items, the company, with a market value of $1.73 billion, earned 31 cents a share, in line with analysts’ estimates.

Revenue from continuing operations of $573.2 million fell shy of analysts’ estimates of $576.9 million.

Shares of the company closed at $14.21 on Tuesday on the New York Stock Exchange.

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