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Total System Services 3Q EPS tops Wall St. view by 2c


Published :
Mon, 22 Oct 2007 21:42
By : Agencies
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NEW YORK (Thomson Financial) - Total System Services Inc. Monday reported third-quarter earnings of $68.8 million, or 35 cents a share. The mean eastimate of analysts polled by Thomson Financial was for a profit of 33 cents a share in the September period.

Revenue rose 3.6% in the latest three months to $457.6 million from $441.8 million a year earlier. Wall Street's consensus estimate was for revenue of $436.9 million in the quarter.

Looking ahead, the Columbus, Ga., payment services provider forecast net income before itsm of $250 million to $255 million on total revenue of $1.74 billion to $1.76 billion.

Total System Services is 81%-owned by Synovus.

Michael Baron

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