Premiere Global Services (PGI) Posts Quarterly Earnings, Hits Estimates
Premiere Global Services (NYSE:PGI) posted its quarterly earnings results on Wednesday. The company reported $0.20 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.20, American Banking & Market News reports. The company had revenue of $130.60 million for the quarter, compared to the consensus estimate of $130.83 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. Premiere Global Services updated its FY13 guidance to $0.78-0.79 EPS.
Shares of Premiere Global Services (NYSE:PGI) traded up 0.74% on Wednesday, hitting $9.48. The stock had a trading volume of 595,501 shares. Premiere Global Services has a 52 week low of $7.92 and a 52 week high of $12.74. The stock’s 50-day moving average is $10.45 and its 200-day moving average is $11.1. The company has a market cap of $438.9 million and a price-to-earnings ratio of 14.91.
Premiere Global Services, Inc (NYSE:PGI) offers its virtual meeting solutions in the cloud, with a software as a service (SaaS), model.
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