CSG Systems: Q1 Earnings Snapshot

ENGLEWOOD, Colo. (AP) — ENGLEWOOD, Colo. (AP) — CSG Systems International Inc. (CSGS) on Wednesday reported first-quarter profit of $19.5 million.

On a per-share basis, the Englewood, Colorado-based company said it had profit of 68 cents. Earnings, adjusted for one-time gains and costs, were $1.01 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share.

The provider of support services for the communications industry posted revenue of $295.1 million in the period. Its adjusted revenue was $270.1 million, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $271.7 million.

CSG Systems expects full-year earnings in the range of $3.85 to $4.15 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

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up