Total System: 2Q Earnings Snapshot
COLUMBUS, Ga. (AP) _ Total System Services Inc. (TSS) on Tuesday reported second-quarter earnings of $142.4 million.
On a per-share basis, the Columbus, Georgia-based company said it had net income of 78 cents. Earnings, adjusted for one-time gains and costs, came to $1.11 per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.
The electronic payment services provider posted revenue of $1.01 billion in the period. Its adjusted revenue was $956.5 million, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $933.3 million.
Total System expects full-year earnings in the range of $4.30 to $4.40 per share, with revenue in the range of $3.74 billion to $3.84 billion.
Total System shares have climbed 15 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 5.5 percent. In the final minutes of trading on Tuesday, shares hit $90.56, a rise of 45 percent in the last 12 months.