ENGLEWOOD, Colo. (AP) — ENGLEWOOD, Colo. (AP) — CSG Systems International Inc. (CSGS) on Wednesday reported fourth-quarter net income of $34.5 million.
The Englewood, Colorado-based company said it had profit of $1.21 per share. Earnings, adjusted for one-time gains and costs, came to $1.65 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The provider of support services for the communications industry posted revenue of $316.7 million in the period. Its adjusted revenue was $290.6 million, also topping Street forecasts. Five analysts surveyed by Zacks expected $290 million.
For the year, the company reported profit of $86.9 million, or $3.03 per share. Revenue was reported as $1.1 billion.
CSG Systems expects full-year earnings in the range of $4.55 to $4.80 per share, with revenue in the range of $1.1 billion to $1.14 billion.
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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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