First Data: 4Q Earnings Snapshot

NEW YORK (AP) _ First Data Corp. (FDC) on Wednesday reported fourth-quarter net income of $162 million.

On a per-share basis, the New York-based company said it had profit of 17 cents. Earnings, adjusted for one-time gains and costs, came to 38 cents per share.

The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The electronic commerce and payment services provider posted revenue of $2.4 billion in the period. Its adjusted revenue was $2.19 billion.

For the year, the company reported profit of $1 billion, or $1.05 per share. Revenue was reported as $8.68 billion.

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

First Data shares have risen 50 percent since the beginning of the year. The stock has risen 56 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 FDC at https://www.zacks.com/ap/FDC