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Total System Services Q1 adjusted earnings Beat Estimates

Total System Services (TSS) announced earnings for its first quarter that advanced from last year.

The company's profit totaled $161.61 million, or $0.90 per share. This compares with $141.84 million, or $0.77 per share, in last year's first quarter.

Excluding items, Total System Services reported adjusted earnings of $215.45 million or $1.20 per share for the period.

Analysts had expected the company to earn $1.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.0% to $1.03 billion from $0.99 billion last year.

Total System Services earnings at a glance:

-Earnings (Q1): $215.45 Mln. vs. $207.59 Mln. last year.
-EPS (Q1): $1.20 vs. $1.13 last year.
-Analysts Estimate: $1.16
-Revenue (Q1): $1.03 Bln vs. $0.99 Bln last year.

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