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CSG Systems: Q3 Earnings Snapshot


CSG Systems: Q3 Earnings Snapshot

ENGLEWOOD, Colo. (AP) -- ENGLEWOOD, Colo. (AP) -- CSG Systems International Inc. (CSGS) on Wednesday reported third-quarter profit of $19.1 million.

The Englewood, Colorado-based company said it had net income of 67 cents per share. Earnings, adjusted for one-time gains and costs, were $1.06 per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.

The provider of support services for the communications industry posted revenue of $295.1 million in the period. Its adjusted revenue was $272.6 million, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $278 million.

CSG Systems expects full-year earnings in the range of $4.25 to $4.55 per share.

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

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