Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of business process outsourcing specialist TeleTech
So what: Revenue was $300.5 million with earnings per share of $0.28, both figures well below the market's expectations of $317.2 million in sales and a $0.39 per-share profit. Guidance looked gloomy too, with fiscal 2012 sales expected to be between $1.15 billion and $1.2 billion.
Now what: The company recently acquired marketing analytics company iKnowtion, which TeleTech sees being accretive to earnings immediately. Restructuring plans are also holding back the company's guidance, which fell short of the $1.28 billion consensus estimate. The one small bright spot in the announcement was that TeleTech increased its share buyback program by $25 million.
Interested in more info on TeleTech? Add it to your watchlist by clicking here.
Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
What 5 Other Companies Say About Netflix, Inc.
DISH, TeleTech, Lionsgate, Cablevision, and Dreamworks Animation couldn't help sharing their views on Netflix this quarter.
Why TeleTech Holdings, Inc. Shares Popped Today
Is TeleTech's jump meaningful? Or just another movement?
TeleTech Holdings Increases Sales but Misses Revenue Estimate
Just the facts, Fool.