TeleTech Earnings Review: 20 Days after Announcement Shares Down 6.7% (TTEC)

Mar 19, 2012 (SmarTrend(R) News Watch via COMTEX) -- When TeleTech (NASDAQ:TTEC) reported earnings 20 days ago on February 28th, 2012, analysts, on average, expected the company to report earnings of $0.39 on sales of $317.8 million. TeleTech actually reported earnings of $0.29 per share on sales of $300.5 million, missing EPS estimates by $0.10 and missing revenue estimates by $17.3 million. Shares of TeleTech have slipped from $17.64 to $16.46, representing a loss of 6.7%, since the company reported earnings 20 days ago.

In the past 52 weeks, shares of TeleTech have traded between a low of $14.10 and a high of $22.39 and are now at $16.46, which is 17% above that low price. The 200-day and 50-day moving averages have moved 0.26% lower and 0.03% higher over the past week, respectively.

SmarTrend is tracking the current trend status for TeleTech and will alert subscribers who have TTEC in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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