In a Feb. 26 story about the financial results of TeleTech Holdings Inc., The Associated Press reported erroneously, in a report generated by Automated Insights using data from Zacks Investment Research, that the company missed Wall Street profit expectations. The company beat Wall Street profit expectations.
A corrected version of the story is below:
TeleTech beats 4Q profit forecasts
TeleTech Holdings beats 4Q net income and revenue expectations
ENGLEWOOD, Colo. (AP) — TeleTech Holdings Inc. (TTEC) on Wednesday reported fourth-quarter profit of $22 million.
The Englewood, Colorado-based company said it had profit of 44 cents per share. Earnings, adjusted for one-time gains and costs, came to 46 cents per share.
The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
The call center operator posted revenue of $338.2 million in the period, exceeding Street forecasts. Analysts expected $328.8 million, according to Zacks.
For the year, the company reported profit of $72.3 million, or $1.44 per share. Revenue was reported as $1.24 billion.
TeleTech expects full-year revenue in the range of $1.32 billion to $1.33 billion.
TeleTech shares have increased 1 percent since the beginning of the year. The stock has risen nearly 7 percent in the last 12 months.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TTEC at http://www.zacks.com/ap/TTEC
Keywords: TeleTech Holdings, Earnings Report