Plus   Neg

Total System Services Q2 adjusted earnings Beat Estimates

Total System Services (TSS) reported earnings for its second quarter that advanced from the same period last year.

The company's profit totaled $162.76 million, or $0.91 per share. This compares with $142.44 million, or $0.78 per share, in last year's second quarter.

Excluding items, Total System Services reported adjusted earnings of $226.69 million or $1.27 per share for the period.

Analysts had expected the company to earn $1.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.0% to $1.04 billion from $1.01 billion last year.

Total System Services earnings at a glance:

-Earnings (Q2): $226.69 Mln. vs. $203.80 Mln. last year.
-EPS (Q2): $1.27 vs. $1.11 last year.
-Analysts Estimate: $1.21
-Revenue (Q2): $1.04 Bln vs. $1.01 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT