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Sapient Corp Lowers Q1 2013 Revenue Guidance; Issues Q1 2013 EPS Guidance Above Analysts' Estimates; Issues Q2 2013 Revenue Guidance In Line With Analysts' Estimates


Thursday, 9 May 2013 09:35am EDT 

Sapient Corp announced that for first quarter of 2013, it expects service revenues to be $292.6 million compared to guidance of $295 million to $300 million, GAAP diluted net income per share is to be $0.04 and Non-GAAP diluted net income per share is expected to be $0.12. Revenues reflect a slower-than-expected ramp in client spending in SapientNitro and the adverse effect of movements in foreign currency exchange rates. For second quarter of 2013, it expects service revenues to be in the range of $300 million to $310 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $297 million, EPS of $ 0.09 for the first quarter of 2013; revenue of $307 million for second quarter of 2013 

Company Quote

14.36
-0.01 -0.07%
27 Aug 2014