Vantiv (VNTV) Tops Q2 EPS by 2c; Raies FY Outlook
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Vantiv (NYSE: VNTV) reported Q2 EPS of $0.40, $0.02 better than the analyst estimate of $0.38. Revenue for the quarter came in at $297 million versus the consensus estimate of $299.14 million.
Vantiv sees FY2013 EPS of $1.55-$1.59, versus prior guidance of $1.46-$1.5 and the consensus of $1.57. Vantiv sees FY2013 revenue of $1.19-1.21 billion, versus the consensus of $1.21 billion.
“As we aggressively pursue our technology partner strategy, the acquisition of Element Payment Services will provide additional opportunities for Vantiv to penetrate numerous high-growth verticals by adding unique technological and sales channel capabilities to meet the needs of merchants who are increasingly seeking solutions that provide the end to end functionality needed to run their business,” said Charles Drucker, president and chief executive officer at Vantiv. “As has been the case with Litle, we expect that the combination of our two companies will create powerful capabilities designed to capitalize on market opportunities.”
“I am proud to report another strong quarter that demonstrates our team's focus on execution,” said Drucker. “We are winning in our traditional and ecommerce markets while also investing for the future. Our partnerships with leading technology providers enable us to bring innovative value-added solutions to the market and strategically position us as a partner of choice for financial institutions and merchants. Further, the debt refinancing and share repurchase that we completed during the quarter as well as the pending acquisition of Element demonstrate our commitments to growth and to our shareholders.”
For earnings history and earnings-related data on Vantiv (VNTV) click here.
Vantiv sees FY2013 EPS of $1.55-$1.59, versus prior guidance of $1.46-$1.5 and the consensus of $1.57. Vantiv sees FY2013 revenue of $1.19-1.21 billion, versus the consensus of $1.21 billion.
“As we aggressively pursue our technology partner strategy, the acquisition of Element Payment Services will provide additional opportunities for Vantiv to penetrate numerous high-growth verticals by adding unique technological and sales channel capabilities to meet the needs of merchants who are increasingly seeking solutions that provide the end to end functionality needed to run their business,” said Charles Drucker, president and chief executive officer at Vantiv. “As has been the case with Litle, we expect that the combination of our two companies will create powerful capabilities designed to capitalize on market opportunities.”
“I am proud to report another strong quarter that demonstrates our team's focus on execution,” said Drucker. “We are winning in our traditional and ecommerce markets while also investing for the future. Our partnerships with leading technology providers enable us to bring innovative value-added solutions to the market and strategically position us as a partner of choice for financial institutions and merchants. Further, the debt refinancing and share repurchase that we completed during the quarter as well as the pending acquisition of Element demonstrate our commitments to growth and to our shareholders.”
For earnings history and earnings-related data on Vantiv (VNTV) click here.
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