DST Systems (DST) Tops Q2 EPS by 8c

DST Systems (NYSE: DST) reported Q2 EPS of $1.58, $0.08 better than the analyst estimate of $1.50. Revenue for the quarter came in at $526.2 million versus the consensus estimate of $545.54 million.

"We are pleased with the solid revenue growth and strong margin expansion we delivered in the second quarter. With the sale of our North American Customer Communications business, which closed on July 1, 2016, we have made significant strides in streamlining our businesses so that we can dedicate our time and resources more directly to our Health and Wealth-focused businesses, which is in-line with our overall strategic plan," said Steve Hooley, Chairman, CEO and President of DST. "We believe we are well positioned with the unique skill-sets and necessary resources to generate enhanced value for our customers within the Healthcare and Financial Services industries. We intend to grow revenue through organic opportunities and targeted acquisitions, and making investments in our businesses to prepare and position DST for the future."

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

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