ADVFN - Advanced Financial Network.
HOME» NYSE » T » TSS Stock Price » TSS Stock News

Total Systems Share News

 Total System Services, Inc. Stock Price
TSS Stock Price
 Total System Services, Inc. Stock Chart
TSS Stock Chart
 Total System Services, Inc. Stock News
TSS Stock News
 Total System Services, Inc. Company Information
TSS Company Information
 Total System Services, Inc. Stock Trades
TSS Stock Trades

Total System 4Q Profit Drops 22% On Overhead Cost Climb

DOW JONES NEWSWIRES Total System Services Inc.'s (TSS) fourth-quarter earnings rose 22% as the payment-services provider saw a modest revenue increase which, though better than expected, failed to offset higher overhead costs. The company, which makes technologies to support consumer finance credit and debt cards for financial institutions, predicted earnings would be better than analysts were expecting, although its revenue guidance fell short of views. It predicted earnings from continuing operations of $1.09 to $1.11 on revenue of $1.75 billion to $1.79 billion, while analysts were looking for $1.07 and $1.8 billion, respectively, according to a poll by Thomson Reuters. In recent quarters, the company's revenue has begun to grow again, after it struggled in the recession because of weakened consumer spending and numerous bank failures costing it clients. Earlier this month, Credit Suisse analysts Bryan Keane and Ashish Sabadra said the company has "finally begun to turn the corner" after its numerous trials during the downturn, as they upgraded their rating on the firm. Total System Services posted a profit of $47.2 million, or 24 cents a share, from $60.2 million, or 31 cents a share, a year earlier. Revenue increased 1.7% to $440 million. Analysts predicted earnings of 24 cents on revenue of $439 million. Gross margin fell to 29.1% from 31.9%. Overhead costs increased 29%. Total System Services shares were down a penny at $17.52 after hours. -By Joan E. Solsman, Dow Jones Newswires; 212-416-2291;

Stock News for Total Systems (TSS)
12/06/201604:00:00TSYS Renews Payments Agreement with Advanzia Bank
12/02/201609:00:00TSYS Announces Fourth-Quarter 2016 Dividend
11/30/201617:26:00TSYS unterzeichnet Vereinbarung mit Virgin Money über Zahlungsabwicklung
11/30/201611:55:00TSYS signe un accord de paiements avec Virgin Money
11/30/201604:00:00TSYS Signs Payments Agreement with Virgin Money
11/28/201616:59:07Statement of Changes in Beneficial Ownership (4)
11/22/201611:00:17Statement of Changes in Beneficial Ownership (4)
11/22/201609:43:59Statement of Changes in Beneficial Ownership (4)
11/22/201609:27:41Statement of Changes in Beneficial Ownership (4)
11/14/201610:14:28Statement of Changes in Beneficial Ownership (4)
11/14/201610:08:50Amended Statement of Changes in Beneficial Ownership (4/a)
11/14/201609:56:40Statement of Changes in Beneficial Ownership (4)
11/10/201616:48:41Current Report Filing (8-k)
11/10/201615:15:00NetSpend Responds to Federal Trade Commission Complaint
11/08/201612:06:56Statement of Changes in Beneficial Ownership (4)
11/04/201616:09:31Quarterly Report (10-q)
11/04/201614:46:04Statement of Changes in Beneficial Ownership (4)
11/04/201614:11:54Statement of Changes in Beneficial Ownership (4)
10/27/201615:25:00TSYS erneuert Zahlungsabkommen mit Rabobank
10/27/201611:16:00TSYS renouvelle son accord de paiement avec Rabobank

Total Systems and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations