WASHINGTON (dpa-AFX) - TSYS (TSS), a provider of electronic payment processing services to banks and financial institutions, Tuesday reported second-quarter net earnings to common stockholders of $109.9 million or $0.58 per share. This compares with earnings of $57.7 million or $0.31 per share in the same quarter a year ago.
Excluding items, adjusted earnings for the quarter were $0.45 per share, compared with $0.37 per share last year.
Revenue for the quarter was up 30.4% at $602 million, compared with $461.9 million in the prior year.
Analysts polled by Thomson Reuters projected earnings of $0.45 per share on revenue of $595.7 million for the quarter. Analysts' estimates typically exclude special items.
Copyright RTT News/dpa-AFX