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SS&C Technologies: 3Q Earnings Snapshot

·1 min read

WINDSOR, Conn. (AP) _ SS&C Technologies Holdings Inc. (SSNC) on Wednesday reported third-quarter net income of $159.4 million.

On a per-share basis, the Windsor, Connecticut-based company said it had net income of 60 cents. Earnings, adjusted for one-time gains and costs, were $1.10 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1 per share.

The financial services software maker posted revenue of $1.15 billion in the period. Its adjusted revenue was $1.16 billion, also beating Street forecasts. Six analysts surveyed by Zacks expected $1.13 billion.

SS&C Technologies shares have decreased slightly more than 1% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $60.63, a rise of 17% 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 SSNC at https://www.zacks.com/ap/SSNC