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Worldpay: 3Q Earnings Snapshot

November 8, 2018

SYMMES TOWNSHIP, Ohio (AP) _ Worldpay Inc. (WP) on Thursday reported third-quarter earnings of $2.8 million.

On a per-share basis, the Symmes Township, Ohio-based company said it had profit of 1 cent. Earnings, adjusted for amortization costs and non-recurring costs, were $1.05 per share.

The results exceeded Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.

The payments processor posted revenue of $1.02 billion in the period, which met Street forecasts.

For the current quarter ending in December, Worldpay expects its per-share earnings to range from $1.05 to $1.10.

The company said it expects revenue in the range of $1.03 billion to $1.06 billion for the fiscal fourth quarter.

Worldpay expects full-year earnings in the range of $3.95 to $4 per share, with revenue ranging from $3.9 billion to $3.93 billion.

Worldpay shares have climbed 28 percent since the beginning of the year. The stock has increased 38 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WP at https://www.zacks.com/ap/WP

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