RTTNews | Nov 16, 2020 04:16PM EST

16:11 Monday, November 16, 2020 (RTTNews.com) - WidePoint Corp. (WYY) announced a profit for its third quarter that advanced from last year.

The company's profit totaled $1.07 million, or $0.13 per share. This compares with $0.18 million, or $0.02 per share, in last year's third quarter.

Analysts had expected the company to earn $0.05 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 94.2% to $57.51 million from $29.62 million last year.

WidePoint Corp. earnings at a glance:

-Earnings (Q3): $1.07 Mln. vs. $0.18 Mln. last year.-EPS (Q3): $0.13 vs. $0.02 last year.-Analysts Estimate: $0.05-Revenue (Q3): $57.51 Mln vs. $29.62 Mln last year.

-Guidance:Full year revenue guidance: $185 - $195 Mln

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