West Corp (NASDAQ:WSTC) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
West Corp Earnings Cheat Sheet
Revenue: Rose 45.71% to $672.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.71 per share. By that measure, the company beat the mean analyst estimate of $0.65. It missed the average revenue estimate of $675.53 million.
Quoting Management: “We are pleased to report another quarter of solid operating results. Debt reduction and lower interest rates on our term debt combined with improvement in SG&A to fuel improved profitability for the quarter,” said Tom Barker, CEO. “We continue to execute on our strategic initiatives, while returning a portion of our earnings to our shareholders through our quarterly dividend.”
Key Stats (on next page)…