Total System Services increases 2007-2008 earnings estimates |
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Published
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Fri, 30 Nov 2007 16:22
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NEW YORK (Thomson Financial) - Total System Services Inc. Friday said its fiscal 2007 earnings will increase 1% instead of the previously announced decline of 2% to 3%.Adjusted net income is expected to increase 25%, up from the previously announced guidance for growth between 20% and 22%.In fiscal 2008, net income is estimated to increase between 4% and 6% with total revenue increasing between 12% and 14%.The mean estimate of analysts polled by Thomson Financial is for fiscal 2007 earnings of $1.30 a share with revenue of $1.79 billion and fiscal 2008 earnings of $1.42 a share with revenue of $1.91 billion.Total System Services provides electronic payment processing and related services to financial and non-financial institutions. Shares of the Columbus, Ga.-based company were up 0.7% at $27.98.Melinda Peermp/pcCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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NASDAQ
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1649.51 |
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Total System Services 3Q EPS tops Wall St. view by 2c 