ENGLEWOOD, Colo. (AP) — ENGLEWOOD, Colo. (AP) — CSG Systems International Inc. (CSGS) on Wednesday reported first-quarter profit of $16.1 million.
On a per-share basis, the Englewood, Colorado-based company said it had net income of 57 cents. Earnings, adjusted for one-time gains and costs, were $1.14 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1 per share.
The provider of support services for the communications industry posted revenue of $299.5 million in the period. Its adjusted revenue was $271.6 million, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $270.9 million.
CSG Systems expects full-year earnings in the range of $4.65 to $4.90 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSGS at https://www.zacks.com/ap/CSGS
