Total System: 4Q Earnings Snapshot
COLUMBUS, Ga. (AP) _ Total System Services Inc. (TSS) on Tuesday reported fourth-quarter net income of $136.4 million.
On a per-share basis, the Columbus, Georgia-based company said it had net income of 74 cents. Earnings, adjusted for one-time gains and costs, were $1.08 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.
The electronic payment services provider posted revenue of $1.02 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $968.6 million.
For the year, the company reported profit of $576.7 million, or $3.14 per share. Revenue was reported as $4.02 billion.
Total System expects full-year earnings in the range of $4.75 to $4.90 per share, with revenue in the range of $3.99 billion to $4.09 billion.
Total System shares have increased 7 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased slightly more than 5 percent. In the final minutes of trading on Tuesday, shares hit $86.98, a fall of 0.5 percent in the last 12 months.