Premiere Global Services (PGI) Posts Quarterly Results
Premiere Global Services (NYSE:PGI) released its earnings data on Thursday. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03, Analyst Ratings News reports. The company had revenue of $143.24 million for the quarter, compared to the consensus estimate of $140.48 million. During the same quarter last year, the company posted $0.19 earnings per share. Premiere Global Services’s revenue was up 10.6% compared to the same quarter last year. Premiere Global Services updated its FY14 guidance to $0.85-0.88 EPS.
Shares of Premiere Global Services (NYSE:PGI) traded down 1.01% on Thursday, hitting $11.80. 93,671 shares of the company’s stock traded hands. Premiere Global Services has a 1-year low of $8.77 and a 1-year high of $12.74. The stock has a 50-day moving average of $11.97 and a 200-day moving average of $10.76. The company has a market cap of $547.4 million and a price-to-earnings ratio of 30.72.
Premiere Global Services, Inc (NYSE:PGI) offers its virtual meeting solutions in the cloud, with a software as a service (SaaS), model.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.