CSG Systems International Inc (CSGS) announced an increase in profit for the third quarter, aligning with analysts' projections. The company's net income amounted to $19.1 million, or $0.67 per share, up from $18.7 million, or $0.62 per share, in the same quarter last year. When excluding special items, the adjusted earnings were $1.06 per share, meeting the average expectation of analysts polled by Thomson Reuters. Typically, analysts' forecasts exclude extraordinary items.
The company's revenue for the quarter experienced a 2.9% rise, reaching $295.1 million, compared to $286.9 million in the previous year.
Summary of CSG Systems International Inc's third quarter (GAAP):
- Net income: $19.1 million compared to $18.7 million last year.
- Earnings per share: $0.67, up from $0.62 in the previous year.
- Revenue: $295.1 million compared to $286.9 million the previous year.
