COLUMBUS, Ga. (AP) _ Total System Services Inc. (TSS) on Tuesday reported third-quarter profit of $156 million.
The Columbus, Georgia-based company said it had profit of 85 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.16 per share.
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.
The electronic payment services provider posted revenue of $1.02 billion in the period. Its adjusted revenue was $964.6 million, which also beat Street forecasts. Six analysts surveyed by Zacks expected $947.6 million.
Total System expects full-year earnings in the range of $4.41 to $4.47 per share, with revenue in the range of $3.79 billion to $3.84 billion.
Total System shares have climbed 17 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 2.5 percent. In the final minutes of trading on Tuesday, shares hit $92.63, a rise of 36 percent 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 TSS at https://www.zacks.com/ap/TSS