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Premiere Global Services Inc Lowers FY 2013 Guidance

Thursday, 18 Jul 2013 04:05pm EDT 

Premiere Global Services Inc announced that continued foreign currency exchange rate fluctuations and a recent slowing of business trends in Europe have negatively affected the guidance PGi previously provided on April 18, 2013. As a result, PGi has updated its fiscal 2013 guidance. Based on current business trends and current foreign currency exchange rates, PGi anticipates that net revenues from continuing operations in fiscal 2013 will be in the range of $517-$523 million and non-GAAP diluted EPS from continuing operations will be in the range of $0.78-$0.81. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of $525 million and EPS of $0.82 for fiscal 2013. 

Company Quote

-0.04 -0.30%
4:05pm EDT