Total System Services Inc. (TSS), a provider of Electronic payment processing, reported a first-quarter net income attributable to common shareholders of $57.0 million, compared to $56.3 million in the comparable quarter last year. On a per share basis, profit remained flat at $0.30 per share for both the comparable quarters.
Adjusted for merger and acquisition costs, basic earnings per share were $0.33 for the latest quarter, compared to 40.30 per share in the year-ago quarter.
On average, 21 analysts polled by Thomson Reuters expected earnings of $0.34 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter grew 0.8 percent to $464.99 million from $461.16 million in the prior-year quarter, while ten analysts had a consensus revenue estimate of $478.80 million for the quarter.
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