Vantiv Earnings: Here’s Why Investors are Not Happy Now
Vantiv Inc (NYSE:VNTV) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.43%.
Vantiv Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 55% to $0.31 in the quarter versus EPS of $0.20 in the year-earlier quarter.
Revenue: Decreased 36.94% to $272.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.31 per share. By that measure, the company beat the mean analyst estimate of $0.3. It beat the average revenue estimate of $272.58 million.
Quoting Management: “I am pleased to report another strong quarter that demonstrates our continued focus on execution and ability to win market share,” said Charles Drucker, president and chief executive officer at Vantiv. “Our strong financial performance is a testament to our dedicated employees, our commitment to execution, and our focus on our clients. Looking forward, we will continue to generate above market growth by broadening distribution within our traditional business as well as expanding through technology into high-growth segments and verticals, like ecommerce and PayFac.”
Key Stats (on next page)…