Vantiv tops Street 4Q forecasts

SYMMES TOWNSHIP, Ohio (AP) _ Vantiv Inc. (VNTV) on Wednesday reported fourth-quarter profit of $47.8 million.

On a per-share basis, the Symmes Township, Ohio-based company said it had net income of 29 cents. Earnings, adjusted for amortization costs and non-recurring costs, were 75 cents per share.

The results topped Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.

The payments processor posted revenue of $955.1 million in the period. Its adjusted revenue was $502.4 million, also topping Street forecasts. Thirteen analysts surveyed by Zacks expected $496.4 million.

For the year, the company reported profit of $213.2 million, or $1.32 per share. Revenue was reported as $1.9 billion.

For the current quarter ending in April, Vantiv expects its per-share earnings to range from 63 cents to 65 cents.

The company expects full-year earnings in the range of $3.14 to $3.21 per share.

Vantiv shares have climbed slightly more than 4 percent since the beginning of the year. The stock has climbed 33 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VNTV at https://www.zacks.com/ap/VNTV

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Keywords: Vantiv, Earnings Report