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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.


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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