Sykes misses earnings and revenue estimates for Q1
Sykes Enterprises (SYKE) missed the Zacks Consensus Estimate of $0.50 per share, coming out with quarterly earnings of $0.44 per share. The company also posted revenues of $411.17 million for the quarter ended March 2020, missing the estimate by 1.86 per cent. The figures are adjusted for non-recurring items.
This quarterly report reveals a 12 per cent decrease in earnings.
A quarter ago, Sykes delivered surprise earnings of $0.69 per share, exceeding its expected earnings of $0.67. The company has also surpassed consensus EPS estimates three times over the last four quarters.
Since the year started, however, Sykes’ shares have lost about 24.3 per cent versus the S&P 500’s decline of -12.4 per cent.
Related news
- Sykes tops Cebu inter-BPO sports league · 18 Oct 2019
- Sykes in IAOP best of the global outsourcing 100 list · 16 Sep 2019
- Sykes Philippines leads inter-BPO basketball leagues · 6 May 2019
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
