Sykes Enterprises Raises Guidance, but Earnings Remain In-line with Estimates
Sykes Enterprises (SYKE) reported 2nd Quarter June 2016 earnings of $0.36 per share on revenue of $364.4 million. The consensus earnings estimate was $0.31 per share. Revenue grew 18.5% on a year-over-year basis.
The company said it expects third quarter earnings of $0.46 to $0.50 per share on revenue of $385.0 million to $393.0 million. The current consensus earnings estimate is $0.50 per share on revenue of $362.9 mil million for the quarter ending September 30, 2016. The company said it expects 2016 earnings of $1.80 to $1.86 per share on revenue of $1.467 billion to $1.48 billion. The company's previous guidance was earnings of $1.76 to $1.83 per share on revenue of $1.348 billion to $1.362 billion and the current consensus earnings estimate is $1.83 per share on revenue of $1.40 billion for the year ending December 31, 2016.
Sykes Enterprises Inc provides outsourced customer contact management solutions and services in the business process outsourcing arena to companies within the communications, financial services, technology/consumer and other industries.
Sykes Enterprises, Incorporated Issues Notice of Release of Second Quarter 2016 Financial Results
Second Quarter 2016 Financial Results Press Release Now Posted to SYKES Website
TAMPA, FL--(Marketwired - August 01, 2016) - Sykes Enterprises, Incorporated ("SYKES" or the "Company") (SYKE), a global business process outsourcing (BPO) leader in providing comprehensive inbound customer engagement services to Global 2000 companies, has released its financial results for the second-quarter ended June 30, 2016. The second quarter 2016 financial results can be viewed at either www.sykes.com, under the "Investor News" section, or using the following link: http://investor.sykes.com/company/investors/investor-news/2016/default.aspx.
About Sykes Enterprises, Incorporated
SYKES is a global business process outsourcing (BPO) leader in providing comprehensive inbound customer engagement services to Global 2000 companies, primarily in the communications, financial services, healthcare, technology, transportation and retail industries. SYKES differentiated end-to-end service platform effectively engages consumers at every touch point in their customer lifecycle, starting from digital marketing and acquisition to customer support, technical support, up-sell/cross-sell and retention. Headquartered in Tampa, Florida, with customer contact engagement centers throughout the world, SYKES provides its services through multiple communication channels encompassing phone, e-mail, web, chat, social media and digital self-service. Utilizing its integrated onshore/offshore and virtual at-home agent delivery models, SYKES serves its clients through two geographic operating segments: the Americas (United States, Canada, Latin America, India and the Asia Pacific region) and EMEA (Europe, Middle East and Africa). SYKES also provides various enterprise support services in the Americas and fulfillment services in EMEA, which include order processing, inventory control, product delivery and product returns handling. For additional information please visit www.sykes.com.
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Sykes Enterprises, Incorporated