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First Data: 1Q Earnings Snapshot

NEW YORK (AP) _ First Data Corp. (FDC) on Tuesday reported first-quarter earnings of $169 million.

On a per-share basis, the New York-based company said it had net income of 17 cents. Earnings, adjusted for one-time gains and costs, were 31 cents per share.

The results met Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was also for earnings of 31 cents per share.

The electronic commerce and payment services provider posted revenue of $2.32 billion in the period. Its adjusted revenue was $2.12 billion, which beat Street forecasts. Eight analysts surveyed by Zacks expected $2.08 billion.

First Data expects full-year earnings in the range of $1.55 to $1.58 per share.

First Data shares have climbed 49% since the beginning of the year. The stock has risen 65% in the last 12 months.


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