Vantiv Inc (VNTV) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.70 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.68. The company posted revenue of $480.50 million in the period, compared to analysts expectations of $465.61 million. The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
Vantiv Inc closed down -0.15 points or -0.26% at $58.59 with 24,74,030 shares getting traded on Thursday. Post opening the session at $58.95, the shares hit an intraday low of $57.47 and an intraday high of $59.48 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Jul 19, 2016, Matt Taylor (Grp Pres, IntPmt&Emrging Chnls) sold 162,576 shares at $59.05 per share price. According to the SEC, on Jun 6, 2016, Nelson F Greene (Chf Legal & Corp Svcs Officer) sold 5,434 shares at $53.94 per share price. On Apr 12, 2016, Christopher A Thompson (SVP, Controller and CAO) sold 4,000 shares at $54.71 per share price, according to the Form-4 filing with the securities and exchange commission.
Vantiv Inc. (Vantiv) is a holding company that conducts its operations through its majority-owned subsidiary Vantiv Holding LLC (Vantiv Holding). The Company operates in two segments: Merchant Services and Financial Institution Services. The Merchant Services segment provides merchant acquiring and payment processing services to national merchants regional and small-to-mid sized businesses. Merchant Services includes aspects of card processing including authorization and settlement customer service chargeback and retrieval processing and interchange management. The Financial Institution Service segment provides card issuer processing payment network processing fraud protection card production prepaid program management automated teller machine (ATM) driving and network gateway and switching services. It also offers processing for accounts such as business cards home equity lines of credit and health savings accounts.