TeleTech beats Q2 estimates, doubles earnings per share
TeleTech Holdings Inc. (Nasdaq:TTEC) shares are edging higher today after the company announced ahead of the opening its second-quarter results had beat Wall Street forecasts. For the quarter ended June 30, net income for the Englewood, Colo.-based company was $20.4 million, or $0.28 per share, compared with $8.7 million, or $0.12 per share, for the same quarter a year ago. Revenues grew to $357 million, up from $330 million. Analysts were expecting earnings per share of $0.25 on revenues of $353 million. TeleTech provides business process outsourcing solutions.
In today’s trading, shares are at $14.73 at 9:37 a.m. ET, up $0.68 from Friday’s close. During the past year, shares have ranged from $10.02 to $35.24.
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