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TeleTech misses 3Q profit forecasts

ENGLEWOOD, Colo. (AP) _ TeleTech Holdings Inc. (TTEC) on Wednesday reported third-quarter earnings of $14.8 million.

On a per-share basis, the Englewood, Colorado-based company said it had profit of 32 cents. Earnings, adjusted for one-time gains and costs, came to 38 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The customer engagement management company posted revenue of $359 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $349.3 million.

TeleTech expects full-year revenue in the range of $1.43 billion to $1.44 billion.

TeleTech shares have increased 35 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $41.20, a climb of 53 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TTEC at https://www.zacks.com/ap/TTEC