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Convergys Guides Higher

Targets will be beaten.

Convergys (CVG) guided third-quarter sales and earnings estimates higher.

The Cincinnati customer service and billing outsourcer for cable companies and telcos says profit for the quarter ended last month will be about 30 cents a share. Relying on earlier guidance, analysts were looking for 28 cents a share in profit, according to Reuters Research.

Projected sales for the third quarter were more than $700 million, the company said in a press release Wednesday. That's slightly higher than the $695 million the street was anticipating.

The company is expected to report earnings on Oct. 25.

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Convergys shares closed at $20.28 Tuesday.