First Data Corp (FDC) Releases Earnings Results, Beats Expectations By $0.01 EPS

First Data Corp (FDC) reported quarterly earnings results on Monday, Apr-25-2016. The company said it had a profit of $0.24 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.23. The company posted revenue of $2777.00 million in the period, compared to analysts expectations of $2773.69 million. The company’s revenue was up 3.0% compared to the same quarter last year.

Many Wall Street Analysts have commented on First Data Corp. Nomura Initiated First Data Corp on Apr 20, 2016 to “Neutral”, Price Target of the shares are set at $14.Compass Point Initiated First Data Corp on Apr 15, 2016 to “Neutral”, Price Target of the shares are set at $12.Company shares were Reiterated by Stifel on Mar 2, 2016 to “Buy”, Firm has raised the Price Target to $ 16 from a previous price target of $12 .

In a different news, on Feb 18, 2016, Michael K Neborak (officer ) purchased 6,200 shares at $10.62 per share price. According to the SEC, on Nov 13, 2015, James E Nevels (director) purchased 250 shares at $16.00 per share price. On Oct 22, 2015, Thomas Joseph Higgins (officer ) purchased 4,500 shares at $16.00 per share price, according to the Form-4 filing with the securities and exchange commission.

First Data Corporation is a United States-based company which provides electronic commerce and payment solutions for merchants financial institutions and card issuers. The Company provides services including merchant transaction processing and acquiring; credit retail and debit card issuing and processing; prepaid services and check verification settlement and guarantee services. It operates through three segments: Merchant Solutions which includes merchant acquiring and processing services prepaid services and check verification settlement and guarantee services; Financial Services which consists of credit and retail card processing services; debit network and processing services; output services and other services including remittance processing and International which consists of credit retail debit and prepaid card processing; merchant acquiring and processing and automated teller machine and point of sale (POS) processing acquiring and switching services.

First Data Corp

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