Sykes Enterprises Q4 Profit Tops Estimates; Outlook Weak

(RTTNews.com) - Sykes Enterprises, Inc. ( SYKE ) reported net income for the fourth quarter of $13.3 million or $0.31 per share, compared to $5.1 million or $0.12 per share for the year-ago quarter.

Excluding items, fourth quarter adjusted earnings per share from continuing operations were $0.39, compared to $0.27 in the same period last year.

Fourth quarter revenues rose 10% to $304.27 million from $276.23 million a year ago. Analysts polled by Thomson Reuters expected the company to earn $0.31 per share on revenue of $302.93 million for the fourth quarter. Analysts' estimates typically exclude special items.

Looking forward to the first quarter, the company forecast revenue of $298.0 million to $302.0 million, earnings of $0.10 to $0.12 per share and adjusted earnings of $0.18 to $0.20 per share. Analysts currently expect the company to earn $0.31 per share on revenue of $295.77 million for the first quarter.

For the full year 2013, the company forecast revenues of $1,220.0 million to $1,235.0 million, earnings of $0.87 to $0.97 per share and adjusted earnings of $1.15 to $1.25 per share. Analysts currently expect the company to earn $1.40 per share on revenue of $1.21 billion for the full year 2013.

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