Sykes Enterprises, Incorporated announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported revenues of $399.3 million compared with third quarter guidance of $402 million to $407 million. Basic earnings per share were $0.33 versus $0.52 in the same period a year ago. Income from operations was $14,446,000 against $26,265,000 a year ago. Income before income taxes was $14,380,000 against $24,441,000 a year ago. Net income was $13,752,000 against $21,695,000 a year ago.

For the nine months, the company reported revenues of $1,210,489,000 against $1,166,761,000 a year ago. Income from operations was $35,190,000 against $63,646,000 a year ago. Income before income taxes was $32,733,000 against $60,163,000 a year ago. Net income was $31,878,000 against $49,252,000 a year ago. Basic earnings per share were $0.76 versus $1.18 in the same period a year ago.

For the quarter, the company reported impairment of long-lived assets of $555,000 against $680,000 a year ago.

The company revised earnings guidance for the full year 2018. The company is lowering full year 2018 revenue outlook by approximately $7 million relative to one provided in August 2018. Roughly $4 million of the revenue revision is related to foreign exchange rate flux, with the remaining $3 million being driven principally by the communications vertical, which is driven primarily by staffing inefficiencies. The full year outlook also reflects a pretax charge of approximately $22 million or $0.40 on an after-tax basis, split roughly evenly between noncash and cash. Revenues in the range of $1.625 billion to $1.630 billion; effective tax rate of approximately 8%; and on a non-GAAP basis, an effective tax rate of approximately 16%; fully diluted share count of approximately 42.2 million; diluted earnings per share of approximately $1.28 to $1.32. The company is raising full year 2018 diluted earnings per share outlook due to a lower-than-expected effective tax rate as well as lower other expenses.

The company provided earnings guidance for the fourth quarter ended December 31, 2018. For the fourth quarter 2018 business outlook anticipates a pretax charge of approximately $0.7 million or $0.01 on an after-tax basis related to capacity rationalization. Revenues in the range of $415 million to $420 million; effective tax rate of approximately 17%; on a non-GAAP basis, an effective tax rate of approximately 19%; fully diluted share count of approximately 42.3 million; diluted earnings per share of approximately $0.53 to $0.57.