First Data: 2Q Earnings Snapshot
NEW YORK (AP) _ First Data Corp. (FDC) on Thursday reported second-quarter profit of $275 million.
The New York-based company said it had net income of 28 cents per share. Earnings, adjusted for one-time gains and costs, were 42 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The electronic commerce and payment services provider posted revenue of $2.49 billion in the period. Its adjusted revenue was $2.28 billion, which also topped Street forecasts. Six analysts surveyed by Zacks expected $2.27 billion.
First Data expects full-year earnings in the range of $1.55 to $1.58 per share.
First Data shares have risen 68% since the beginning of the year. The stock has increased 25% in the last 12 months.