DST Systems (DST) Misses Q2 EPS by 2c, Shares Fall 10%

Before the open, DST Systems (NYSE: DST) reported Q2 EPS of $1.39, $0.02 worse than the analyst estimate of $1.41. Revenue for the quarter came in at $694.5 million versus the consensus estimate of $665.74 million.

The news has shares down 10% to $120.76.

"During the quarter, we continued to significantly invest in critical aspects of our business that protect the integrity and security of the data on our systems, as well as maintain full regulatory compliance for DST and our customers," said Steve Hooley, Chairman, CEO and President of DST. "These investments will be on-going and will be matched to the regulatory environment and security challenges being faced by the industry. While these investments, combined with industry headwinds and foreign exchange, continue to pressure our results, we maintain a strong balance sheet that provides us the leverage necessary to support our continued growth and value creation. We are moving forward cautious about our outlook for the remainder of 2015, however, we are confident that the talented teams across our organization will continue to support the successful execution of our strategic plan, enhance our client service offerings and create value for shareholders."

For earnings history and earnings-related data on DST Systems (DST) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Zeo Energy Corp (ZEO) Misses Q2 EPS by 7c
• Cisco rating cut at HSBC as analyst sees a lack of catalysts