Worldpay: 2Q Earnings Snapshot
Aug. 09, 2018
SYMMES TOWNSHIP, Ohio (AP) _ Worldpay Inc. (WP) on Thursday reported a second-quarter loss of $2.9 million, after reporting a profit in the same period a year earlier.
The Symmes Township, Ohio-based company said it had a loss of 1 cent per share. Earnings, adjusted for one-time gains and costs, were $1.04 per share.
The results exceeded Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.
The payments processor posted revenue of $1.01 billion in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $978.9 million.
For the current quarter ending in October, Worldpay expects its per-share earnings to range from $1 to $1.03.
The company expects full-year earnings in the range of $3.93 to $4 per share.
Worldpay shares have risen 13 percent since the beginning of the year. The stock has risen 28 percent in the last 12 months.