Brief: Computer Task Group Reports Q2 GAAP Earnings Per Share $0.12

Computer Task

21/07/2020 12:00

July 21 (Reuters) - Computer Task Group Inc  CTG.O :
    * CTG REPORTS 2020 SECOND QUARTER RESULTS
    * Q2 GAAP EARNINGS PER SHARE $0.12
    * Q2 REVENUE $89.1 MILLION VERSUS $100.4 MILLION
    * Q2 NON-GAAP EARNINGS PER SHARE $0.10
    * NOT PROVIDING UPDATED GUIDANCE FOR FULL YEAR 2020
    * COMPUTER TASK GROUP - ANTICIPATE SEASONALITY IN Q3 WILL BE
HIGHER THAN NORMAL, RESULTING IN LOWER UTILIZATION OF BILLABLE
RESOURCES
    * EXPECT A REDUCTION IN GOVERNMENT SUBSIDIES IN EUROPE FOR
TECHNICAL UNEMPLOYMENT TO IMPACT EARNINGS IN H2 OF YEAR
    * COMPUTER TASK GROUP - ALSO EXPECT SALE OF A  CUSTOMER'S
BUSINESS
UNIT IN ALASKA & CO'S INVESTMENTS TO IMPACT EARNINGS IN H2 OF
YEAR

Source text for Eikon:  ID:nGNXQkCqp 
Further company coverage:  CTG.O 

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