Revenue Update on Sykes Enterprises Incorporated(NASDAQ:SYKE)

Sykes Enterprises Incorporated(NASDAQ:SYKE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $364.40M. Analysts estimated a revenue of $336.85M. Earnings per share were $0.36. Analysts had estimated an EPS of $0.32.

Sykes Enterprises Incorporated (SYKE) shares turned negative on Mondays trading session with the shares closing down -0.4 points or -1.30% at a volume of 1,94,069. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $30.81. The peak price level was also seen at $30.81 while the days lowest was $30.27. Finally the shares closed at $30.38. The 52-week high of the shares is $33 while the 52-week low is $23.22. According to the latest information available, the market cap of the company is $1,308 M.

Several Insider Transactions has been reported to the SEC. On May 12, 2016, John Chapman (EVP & CFO) sold 1,300 shares at $29.60 per share price.Also, On May 9, 2016, James T Holder (Executive VP & Secretary) sold 6,213 shares at $29.50 per share price.On May 5, 2016, Lawrence Zingale (Executive Vice President) sold 36,000 shares at $29.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Sykes Enterprises Incorporated (Sykes) is engaged in providing outsourced customer contact management solutions and services in the business process outsourcing arena. The Company provides an array of customer contact management solutions to a range of clients primarily in the communications financial services technology/consumer leisure healthcare and other industry verticals. It serves its clients through two geographic operating regions: the Americas (United States Canada Latin America Australia and the Asia Pacific Rim) and EMEA (Europe the Middle East and Africa). Its Americas and EMEA groups provide customer contact management services (with an emphasis on inbound technical support and customer service) which include customer assistance healthcare and roadside assistance technical support and product sales to its clients customers. These services are delivered through multiple communication channels including phone e-mail social media text messaging and chat.

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