Total System Services Earnings: Here’s Why Shares are Up Now
Total System Services, Inc. (NYSE:TSS) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 3.92%.
Total System Services, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 2.86% to $0.34 in the quarter versus EPS of $0.35 in the year-earlier quarter.
Revenue: Rose 3.4% to $478.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Total System Services, Inc. reported adjusted EPS income of $0.34 per share. By that measure, the company beat the mean analyst estimate of $0.33. It missed the average revenue estimate of $481.5 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…