First Data: 2Q Earnings Snapshot

July 30, 2018

NEW YORK (AP) _ First Data Corp. (FDC) on Monday reported second-quarter earnings of $341 million.

The New York-based company said it had net income of 36 cents per share. Earnings, adjusted for one-time gains and costs, were 39 cents per share.

The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The electronic commerce and payment services provider posted revenue of $2.45 billion in the period. Its adjusted revenue was $2.23 billion, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $2.19 billion.

First Data expects full-year earnings in the range of $1.42 to $1.47 per share.

First Data shares have climbed 35 percent since the beginning of the year. The stock has risen 22 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 FDC at https://www.zacks.com/ap/FDC

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