Sykes Enterprises expects 2nd-quarter profit above analysts
By
Associated Press
May 5, 2008
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Sykes Enterprises Inc., which provides outsourced customer service, said Monday it expects second-quarter results above Wall Street's expectations amid solid demand across a wide range of industries.
For the quarter ending June 30, the company expects a profit of 29 cents to 31 cents per share on revenue of $205 million to $210 million.
Analysts, on average, expect earnings of 27 cents per share on sales of $200.3 million, according to a poll by Thomson Financial.
For the year, Sykes expects a profit of $1.24 to $1.33 per share on sales of $815 million to $830 million. Analysts forecast a profit of $1.15 per share on sales of $815 million.
Shares jumped $1.28, or 7.2 percent, to $19 in after-hours electronic trading. The stock earlier closed up 6 cents at $17.72. The stock has traded between $14.96 and $20.85 over the past year.