Evolving Systems (EVOL) Posts Q3 non-GAAP EPS of $0.18, Tops Views on Lower Revs; Declares $0.05 Quarterly Dividend; 2.6% Yield

Evolving Systems Inc. (Nasdaq: EVOL) reports Q3 non-GAAP EPS of $0.18, 2 cents better than the consensus of $0.16. Revenue for the quarter came in at $9.2 million, compared to the consensus of $10.17 million. Evolving Systems' Board of Directors declared a fourth quarter cash dividend of $0.05 per common share, $0.20 annualized. The dividend is payable on January 14, 2011, to stockholders of record on December 10, 2010. The ex-dividend date is December 8, 2010. Yield on the dividend is 2.6%.... Read more

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