Brief: CTG reports Q2 EPS $0.03

Computer Task

25/07/2017 11:55

July 25 (Reuters) - Computer Task Group Inc  CTG.O  
    * CTG reports 2017 second quarter results 
    * Q2 non-GAAP earnings per share $0.06 
    * Q2 GAAP earnings per share $0.03 
    * Q2 revenue $75.5 million versus $83.5 million 
    * Sees FY 2017 non-GAAP earnings per share $0.22 to $0.26 
    * Sees Q3 2017 earnings per share $0.04 to $0.06 
    * Sees FY 2017 GAAP earnings per share $0.19 to $0.23 
    * Sees Q3 2017 revenue $75 million to $77 million 
    * Sees FY 2017 revenue $305 million to $315 million 
    * "We remain on track to execute our three-year strategic 
plan" 
    * GAAP net income in Q2 of 2017 included approximately $0.6 
million in severance-related charges, net of tax 
    * Revised full-year revenue guidance reflects weaker demand 
co experienced from several of its large staffing clients in Q2 
    * Revised full-year revenue guidance also reflects 
unexpected delay in issued purchase orders from one of co's 
largest clients 
    * Q3 earnings per share view $0.07, revenue view $80.4 
million -- Thomson Reuters I/B/E/S 
    * FY2017 earnings per share view $0.24, revenue view $318.8 
million -- Thomson Reuters I/B/E/S 
    * "Optimistic" that co will return to year-over year revenue 
growth in Q4 2017 
 
Source text for Eikon:  ID:nGNXOCOKHa  
Further company coverage:  CTG.O  
 
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