Thursday, Lender Processing Services Inc. (LPS) reported third-quarter net income of $75.5 million or $0.78 per share, compared to net income of $51.3 million or $0.54 per share in the same quarter last year.
On an adjusted basis, net income was $80.2 million or $0.83 per share, compared to net income of $57.8 million or $0.61 per share in the year ago quarter.
On average, nine analysts polled by Thomson Reuters expected the company to earn $0.77 per share for the quarter. Analysts' estimates typically exclude special items.
Consolidated revenues for the quarter was $619.4 million, up 32.7% from $466.8 million in the comparable quarter last year. Analysts expected the company to report revenue of $573.15 million for the quarter.
Looking ahead to the full year 2009, the company expects revenues to grow in the range of 26% - 28% compared to the last year and adjusted earnings to be in the range of $3.07 - $3.09 per share. Previously the company expected revenues to grow 20% - 22% compared to 2008 and adjusted earnings to be in the range of $2.91 - $3.01 per share. Analysts currently anticipate the company to earn $3.00 per share on revenue of $2.27 billion for the full year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.