Revenue Update on Convergys Corp(NYSE:CVG)

Convergys Corp(NYSE:CVG) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $757.900M. Analysts estimated a revenue of $767.690M. The revenues were -1.28% below the estimates. Earnings per share were $0.47. The reported EPS was below estimates by -2.08%. Analysts had estimated an EPS of $0.48.

Convergys Corp (CVG) made into the market gainers list on Wednesdays trading session with the shares advancing 1.58% or 0.39 points. Due to strong positive momentum, the stock ended at $25.05, which is also near the day’s high of $25.12. The stock began the session at $24.67 and the volume stood at 38,37,765 shares. The 52-week high of the shares is $30.92 and the 52 week low is $23.865. The company has a current market capitalization of $2,389 M and it has 9,53,69,989 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 6, 2016, Andrea J. Ayers (President & CEO) sold 30,000 shares at $25.04 per share price.Also, On Nov 18, 2016, Jarrod B Pontius (General Counsel CAO) sold 1,111 shares at $24.50 per share price.On Sep 13, 2016, Andre S Valentine (Chief Financial Officer) sold 9,000 shares at $29.56 per share price, according to the Form-4 filing with the securities and exchange commission.

Convergys Corporation (Convergys) provides customer management services. The Company serves brands in industries such as communications and media technology financial services retail and healthcare. The Company invests in a combination of global quality delivery comprehensive solutions and close client engagement. The Company invests in solutions consisting of services technology and analytics that support the life-cycle of contact types including service sales retention and collections. Its analytics and consulting solutions are post-contact surveys relational loyalty research segmentation and profiling repeat call analysis agent path analysis customer interaction assessment chat optimization and integrated contact center analytics.

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