StarTek Earnings: Here’s Why Investors are Happy Now
StarTek, Inc. (NYSE:SRT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 9.37%.
StarTek, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.07 in the quarter versus EPS of $-0.37 in the year-earlier quarter.
Revenue: Rose 7.74% to $55.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: StarTek, Inc. reported adjusted EPS income of $0.07 per share. By that measure, the company beat the mean analyst estimate of $-0.07. It beat the average revenue estimate of $48.54 million.
Quoting Management: “We are pleased with the progress that we made in 2012. We worked hard throughout 2012 to exit the year a much healthier company, and we are.” said Chad Carlson, President and Chief Executive Officer. “We reported our first profitable quarter in three years, and we now have the team in place for growth in the future.”
Key Stats (on next page)…