Vertex, Inc. Q3 Profit Decreases, But Beats Estimates

(RTTNews) - Vertex, Inc. (VERX) revealed a profit for third quarter that Decreased from last year but beat the Street estimates.

The company's bottom line came in at $4.04 million, or $0.02 per share. This compares with $7.22 million, or $0.04 per share, last year.

Excluding items, Vertex, Inc. reported adjusted earnings of $28.58 million or $0.17 per share for the period.

Analysts on average had expected the company to earn $0.16 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 12.7% to $192.11 million from $170.44 million last year.

Vertex, Inc. earnings at a glance (GAAP) :

-Earnings: $4.04 Mln. vs. $7.22 Mln. last year. -EPS: $0.02 vs. $0.04 last year. -Revenue: $192.11 Mln vs. $170.44 Mln last year.

-Guidance: Next quarter revenue guidance: $192 - $196 Mln Full year revenue guidance: $745.7 - $749.7 Mln