Lender Processing Services, Inc. (LPS) reported fourth quarter net income of $75.0 million, compared to $54.3 million in the prior year period. Adjusted net earnings for the quarter were $79.6 million or $0.82 per share, compared to $60.9 million or $0.64 per share in the prior year quarter.
Adjusted net earnings in the current quarter include an adjustment for purchase price amortization of $0.05 per share while the prior year quarter included a similar adjustment of $0.07 per share.
On average, nine analysts polled by Thomson Reuters expected the company to report earnings of $0.79 per share. Analysts' estimates typically exclude special items.
Processing and services revenues rose to $608.1 million from $474.0 million in the prior year quarter. Six Wall Street analysts expected revenues of $590.88 million.
Looking forward, for the first quarter, the company expects adjusted earnings in the range of $0.78-$0.80 per share. Street analysts expect earnings of $0.79 per share.
For the full year 2010, the company expects revenues to grow 8%-10% compared to 2009 and adjusted earnings to be in the $3.49-$3.56 per share.
Street analysts expect earnings of $3.46 per share for the full-year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.