West Corp. raises FY14 revenue view to $2.78B-$2.82B from $2.7B-$2.78B Consensus $2.87B. Backs FY14 net income guidance of $185M-$200M. Raises FY14 adjusted EBITDA guidance to $705M-$730M from $690-$730M. The company has updated a portion of its 2014 guidance to include its revised expectations for the remainder of 2014 and the results of SchoolMessenger and Health Advocate.
West Corp. reports Q4 adjusted cont. ops EPS 79c, consensus 77c Reports Q4 consolidated revenue $716.2M, consensus $690.1M. Reports Q4 revenue for continuing operations $562.9M. On January 7, the company announced it had entered into a definitive agreement to sell several of its agent services businesses to Alorica Inc. for approximately $275M in cash. The businesses being sold are reflected as discontinued operations in the company's consolidated financial statements. The sale is expected to close in the first quarter of 2015, subject to approvals and other customary conditions.