Vantiv, Inc. (VNTV) Wednesday reported fourth-quarter profit of $57.47 million, up 45 percent from $39.77 million in the same period last year.
Net income attributable to Vantiv increased to $28.75 million or $0.22 per share from $15.71 million or $0.18 per share last year.
Adjusted earnings for the quarter was $81.57 million or $0.38 per share. On average, 14 analysts polled by Thomson Reuters expected the company to earn $0.34 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues totaled $271.19 million, up 12 percent from $242.69 million last year. Analysts expected revenues of $274.10 million.
Looking ahead to the fiscal ear 2013, the company has forecast earnings in a range of $0.60 to $0.63 per share, with adjusted earnings ranging between $1.46 and $1.50 per share. Revenues are projected in the order of $1.21 billion to $1.23 billion.
Analysts, based on consensus, currently expected the company to report full-year earnings of $1.39 per share, on revenues of $1.16 billion.
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