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SS&C Technologies: 3Q Earnings Snapshot

WINDSOR, Conn. (AP) _ SS&C Technologies Holdings Inc. (SSNC) on Thursday reported third-quarter earnings of $95 million.

On a per-share basis, the Windsor, Connecticut-based company said it had net income of 36 cents. Earnings, adjusted for one-time gains and costs, were 93 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.

The financial services software maker posted revenue of $1.14 billion in the period. Its adjusted revenue was $1.15 billion, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.14 billion.

For the current quarter ending in December, SS&C Technologies said it expects revenue in the range of $1.15 billion to $1.18 billion.

The company expects full-year revenue in the range of $4.61 billion to $4.64 billion.

SS&C Technologies shares have risen 15% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $52.01, a climb of roughly 2% 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 SSNC at https://www.zacks.com/ap/SSNC