Apac Teleservices Sees 3Q Net About 4c-6c A Share
DEERFIELD, Ill. (Dow Jones)--Apac TeleServices Inc. (APAC) expects
earnings for its third and fourth quarters to fall significantly short of analysts'
expectations as a result of a strike at an unnamed client's operations and
"tactical marketing changes" by other undisclosed clients.
In a press release Tuesday, the provider of outsourced telephone sales,
marketing and customer management services said it expects to report third
quarter earnings of 4 cents to 6 cents a share on revenue of $78 million to $80
million and fourth quarter earnings of 6 cents to 8 cents a share on revenue of
about $85 million to $90 million.
A First Call survey of 11 analysts yielded an earnings estimate of 17 cents a
share for the third quarter ending in September, and an estimate of 23 cents a
share for the fourth quarter ending in December.
Apac said it also expects acquisition charges and start-up expenses for
large-scale service increases for new clients to cut earnings in those periods.
For the full fiscal year, Apac expects revenue growth of about 25% and
maintained that "prospects for growth in 1998 and beyond remaining very
strong."
For the year-ago third quarter ended Sept. 29, 1996, Apac earned $8.6
million, or 18 cents a share, on revenue of $75.3 million. For the year-ago
fourth quarter ended Dec. 29, 1996, Apac earned $10.1 million, or 21 cents a
share, on revenue of $87.8 million. For the year ended Dec. 29, 1996,
earnings were $30.6 million, or 64 cents a share, on revenue of $276.4 million. |
