First Data Turns To Profit In Q4 - Quick Facts

(RTTNews) - First Data Corp. (FDC), a provider of commerce-enabling technology and solutions, reported Monday that its fourth-quarter attributable net income was $192 million or $0.21 per share, compared to net loss of $1.22 billion in the prior year period.

The prior year period included debt extinguishment charges and one-time IPO-triggered expenses totaling approximately $1.3 billion.

Adjusted net income was $365 million or $0.39 per share, up $94 million versus the prior year period, driven by lower interest expense.

On average, 31 analysts polled by Thomson Reuters expected earnings of $0.36 per share for the quarter. Analysts' estimates typically exclude special items.

Consolidated revenue for the quarter edged down 1 percent to $2.91 billion from $2.96 billion last year. Revenues grew 1 percent excluding currency impacts. Analysts had a consensus revenue estimate of $1.85 billion for the quarter.

Total segment revenue was $1.83 billion for the quarter, flat over the prior year period, or up 3 percent excluding the impacts from currency and divestiture of the Australian ATM business that occurred in the third quarter of 2016.

Total segment earnings before interest, taxes, depreciation, and amortization or total segment EBITDA in the quarter was $771 million, 1 percent higher than last year, or up 4 percent excluding impacts from currency and the Australian ATM divestiture.