U.S. Markets open in 17 mins

Sykes: 3Q Earnings Snapshot

TAMPA, Fla. (AP) _ Sykes Enterprises Inc. (SYKE) on Monday reported third-quarter earnings of $13.8 million.

The Tampa, Florida-based company said it had net income of 33 cents per share. Earnings, adjusted for non-recurring costs, were 59 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.

The outsourcing company posted revenue of $399.3 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $404.9 million.

Sykes shares have dropped almost 2 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $30.92, a rise of 7.5 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SYKE at https://www.zacks.com/ap/SYKE