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Computer Task Group Inc (CTG.OQ)

CTG.OQ on NASDAQ Stock Exchange Global Select Market

4.98USD
11 Dec 2017
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Latest Key Developments (Source: Significant Developments)

CTG REPORTS NON-GAAP EARNINGS PER SHARE $0.05 EXCLUDING ITEMS
Tuesday, 24 Oct 2017 06:55am EDT 

Oct 24 (Reuters) - Computer Task Group Inc :CTG REPORTS 2017 THIRD QUARTER RESULTS.Q3 NON-GAAP EARNINGS PER SHARE $0.05 EXCLUDING ITEMS.Q3 GAAP EARNINGS PER SHARE $0.00.Q3 REVENUE FELL 5.2 PERCENT TO $74 MILLION.SEES FY 2017 NON-GAAP EARNINGS PER SHARE $0.21 TO $0.23.SEES FY 2017 GAAP EARNINGS PER SHARE $0.13 TO $0.15.SEES Q4 2017 EARNINGS PER SHARE $0.05 TO $0.07.SEES Q4 2017 REVENUE $72 MILLION TO $75 MILLION.SEES FY 2017 REVENUE $298.5 MILLION TO $301.5 MILLION."‍BELIEVE WE ARE WELL POSITIONED TO ACHIEVE REVENUE GROWTH AND INCREASED PROFITABILITY IN 2018"​.  Full Article

CTG reports Q2 EPS $0.03
Tuesday, 25 Jul 2017 06:55am EDT 

July 25 (Reuters) - Computer Task Group Inc :CTG reports 2017 second quarter results.Q2 non-GAAP earnings per share $0.06.Q2 GAAP earnings per share $0.03.Q2 revenue $75.5 million versus $83.5 million.Sees FY 2017 non-GAAP earnings per share $0.22 to $0.26.Sees Q3 2017 earnings per share $0.04 to $0.06.Sees FY 2017 GAAP earnings per share $0.19 to $0.23.Sees Q3 2017 revenue $75 million to $77 million.Sees FY 2017 revenue $305 million to $315 million."We remain on track to execute our three-year strategic plan".GAAP net income in Q2 of 2017 included approximately $0.6 million in severance-related charges, net of tax.‍Revised full-year revenue guidance reflects weaker demand co experienced from several of its large staffing clients in Q2​.‍Revised full-year revenue guidance also reflects unexpected delay in issued purchase orders from one of co's largest clients​.Q3 earnings per share view $0.07, revenue view $80.4 million -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $0.24, revenue view $318.8 million -- Thomson Reuters I/B/E/S."Optimistic" that co will return to year-over year revenue growth in Q4 2017.  Full Article

Computer Task Group extends repurchase plan for continued repurchase of shares
Friday, 7 Jul 2017 07:20am EDT 

July 7 (Reuters) - Computer Task Group Inc :Computer Task Group says extended repurchase plan to facilitate continued repurchase of shares as part of existing stock buyback program - SEC filing.  Full Article

Computer Task Group Q1 earnings per share $0.05
Tuesday, 25 Apr 2017 06:55am EDT 

April 25 (Reuters) - Computer Task Group Inc ::CTG reports 2017 first quarter results.Q1 earnings per share $0.05.Sees Q2 2017 earnings per share $0.04 to $0.06.Sees FY 2017 earnings per share $0.19 to $0.29.Sees Q2 2017 revenue $77 million to $79 million.Sees FY 2017 revenue $312 million to $332 million.Q1 revenue $77 million.Computer Task Group Inc says continued to execute on three-year strategic plan and financial targets from 2017-2019.Consolidated chief financial officer and treasurer positions.Computer Task Group - John Laubacker promoted to senior vice president, CFO, treasurer upon resignation by mutual agreement of Brendan Harrington.For full year 2017 operating margin anticipated to be approximately 1.9%.  Full Article

CTG reports Q4 EPS $0.07
Tuesday, 21 Feb 2017 06:55am EST 

Computer Task Group Inc - : Reports 2016 fourth quarter and full year results . Q4 earnings per share $0.07 . Sees fy 2017 revenue $312 million to $332 million . Q4 revenue $77.5 million . Sees q1 2017 revenue $76 million to $78 million . Net income is expected to be between $0.04 and $0.06 per diluted share for q1 2017 . For full year 2017 net income is expected to be between $0.19 and $0.29 per diluted share . Says established certain performance objectives for achievement by end of 2019 . Sees revenue goal is $400 million, which represents an approximate 7 pct compounded organic annual growth rate by the end of 2019 . Excluding impact of items, revenue growth in 2017 would be 5.6 pct at midpoint of guidance .Sees diluted earnings per share in $0.45 to $0.55 range by the end of 2019.  Full Article

CTG announces 10b5-1 plan to facilitate continued share repurchases
Friday, 6 Jan 2017 09:00am EST 

Computer Task Group Inc : CTG announces 10b5-1 plan to facilitate continued share repurchases .Computer Task Group - plan is effective from January 9, 2017 until day following company's release of its 2016 Q4 and full year financial result.  Full Article

Computer Task Group Q3 adjusted earnings $0.04/shr
Tuesday, 25 Oct 2016 07:00am EDT 

Computer Task Group Inc : Ctg reports 2016 third quarter results . Q3 non-gaap earnings per share $0.04 . Q3 gaap loss per share $1.03 . Sees fy 2016 revenue $320 million to $322 million . Q3 revenue $78.1 million versus i/b/e/s view $80.2 million . Q3 earnings per share view $0.03 -- Thomson Reuters I/B/E/S . Sees q4 2016 non-gaap earnings per share $0.04 to $0.06 . Sees fy 2016 gaap loss per share $2.24 to $2.26 . Sees q4 2016 revenue $73 million to $75 million . Fy2016 earnings per share view $0.20, revenue view $330.4 million -- Thomson Reuters I/B/E/S . Q4 earnings per share view $0.04, revenue view $80.9 million -- Thomson Reuters I/B/E/S . Computer task group inc - full year 2016 non-gaap net income is expected to be between $0.20 and $0.22 per diluted share . Computer task group inc - full year 2016 non-gaap net income outlook excludes non-cash goodwill impairment charges of $37.3 million . Computer task group - largest staffing client informed they would reduce portion of ctg-provided services beginning in q4 . Computer task group - staffing client to reduce portion of ctg-provided services due to a "consolidation of service providers" . Computer task group -recorded severance charges of $1.5 million, in third of quarter related to two former executives related to 2 former executives . Computer task group-expect size of reduction of services by client to be about 20% of historical revenue from this account on an annualized basis.  Full Article

Computer Task Group Q2 earnings $0.08/ share
Tuesday, 26 Jul 2016 06:55am EDT 

Computer Task Group Inc : Reports 2016 second quarter results . Computer Task Group Inc Q2 earnings per share $0.08 . Qtrly revenue was $83.5 million, compared with $94.7 million in prior year Q2 . Q2 revenue $83.5 million vs I/B/E/S view $85.8 million . Computer Task Group Inc Q2 shr view $0.04 -- Thomson Reuters I/B/E/S . Appointed Bud Crumlish CEO on July 21, 2016 . Sees Q3 2016 GAAP loss per share $0.02 TO $0.04 . Sees Q3 2016 revenue $79 million to $81 million . Sees full-year 2016 revenue $328 million to $334 million . SEES full-year 2016 GAAP loss per share $1.21 TO $1.27 . Full-year 2016 shr view $0.16, rev view $342.6 million -- Thomson Reuters I/B/E/S .Sees 2016 full year non-GAAP net income expected to range from $0.17 and $0.23 per diluted share.  Full Article

Computer Task Group sets quarterly dividend of $0.06 per share
Friday, 6 May 2016 09:00am EDT 

Computer Task Group Inc :Sets quarterly dividend of $0.06per share.  Full Article

Computer Task Group Inc gives Q2, FY 2016 guidance
Tuesday, 26 Apr 2016 06:55am EDT 

Computer Task Group Inc:Expects total revenue for Q2 2016 second quarter to range between $85.0 and $87.0 million.Expects Q2 2016 net income to be between $0.03 and $0.05 per diluted share.Expects FY 2016 revenue to range between $338 and $350 million.Expects FY 2016 Non-GAAP net income to be between $0.13 and $0.21 per share.  Full Article

BRIEF-CTG REPORTS NON-GAAP EARNINGS PER SHARE $0.05 EXCLUDING ITEMS

* "‍BELIEVE WE ARE WELL POSITIONED TO ACHIEVE REVENUE GROWTH AND INCREASED PROFITABILITY IN 2018"​ Source text for Eikon: Further company coverage: