Mastech Holdings (MHH) Reports Q3 EPS of $0.27 on Revenues of $39.2M

Mastech Holdings (NYSE: MHH) reported Q3 EPS of $0.27. Revenue for the quarter came in at $39.2 million.

Third Quarter 2017 Financial Highlights:

• Revenues totaled $39.2 million, an increase of $5.0 million over last year\'s top-line results and $4.1 million over second quarter 2017\'s results;
• The Company\'s data and analytics services segment, which was acquired in July 2017, contributed $4.1 million of revenues.
• The IT staffing services segment organically grew its billable consultant headcount by 27, or by approximately 3 percent during the quarter. The billable associate base totaled 995 consultants at September 30, 2017 compared to 884 consultants at September 30, 2016 – an increase of 111 consultants.
• Non-GAAP diluted earnings per share were $0.27 versus $0.25 in the 2016 third quarter and $0.23 in the preceding second 2017 quarter; and
• GAAP diluted earnings (loss) per share were ($0.03) versus $0.21 in the 2016 third quarter. The GAAP diluted loss per share in the 2017 quarter was impacted by $1.7 million of acquisition transaction expenses.

For earnings history and earnings-related data on Mastech Holdings (MHH) click here.

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