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Total System 1Q Profit Slips 4.9% On North American Weakness

DOW JONES NEWSWIRES Total System Services Inc.'s (TSS) first-quarter profit edged down 4.9% as its main North American segment continued to lag behind faster-growing international and merchant services segments. Revenue grew slightly faster than forecast. Total Systems, which makes technologies to support consumer finance credit and debit cards for financial institutions, has benefited from slightly improved consumer spending trends of late. A Credit Suisse analysis said momentum continues to build for the company to show a recovery in the second half as new portfolios come online. The company in January bought the remaining minority interest in First National Merchant Solutions LLC, a joint-venture direct merchant acquirer and transaction processor with First National Bank of Omaha. Total System said the business, rebranded TSYS Merchant Solutions, will help it pursue its diversification strategy. Total System posted a first-quarter profit of $48.8 million, or 25 cents a share, down from $51.3 million, or 26 cents a share, a year earlier. Revenue grew 3.9%, to $429.4 million. Analysts polled by Thomson Reuters expected a profit of 25 cents on revenue of $423 million. Revenue for North American services declined 9.3%, to $230.6 million, while international services revenue rose 14%, to $90.7 million, and merchant services sales surged 33%, to $115.8 million. Shares edged up 0.2%, to $19.10 in after-hours trading. The stock has gained 15% over the past 12 months through the close. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Total Systems (TSS)
DateTimeHeadline
08/22/201620:55:00TSYS nomme Karim Ahmad chef de produit et de l'innovation au...
08/22/201619:23:00TSYS ernennt Karim Ahmad zum Leiter Global Product and Innovation
08/22/201613:30:00TSYS Names Karim Ahmad Head of Global Product and Innovation
08/18/201606:11:00TSYS verlängert Vertrag über Zahlungsverarbeitung mit Swisscard
08/18/201604:00:00TSYS Extends Payments Agreement with Swisscard
08/18/201604:00:00TSYS renouvelle et élargit son accord sur les paiements avec...
08/12/201611:34:20Statement of Changes in Beneficial Ownership (4)
08/05/201606:07:04Quarterly Report (10-q)
07/26/201616:18:24Current Report Filing (8-k)
07/26/201616:15:00TSYS Reports Second Quarter Earnings Including TransFirst
07/13/201617:22:30Statement of Changes in Beneficial Ownership (4)
07/13/201617:18:38Statement of Changes in Beneficial Ownership (4)
07/13/201604:00:00TSYS Renews Payments Agreement with Lloyds Banking Group
07/13/201604:00:00TSYS erneuert Zahlungsabkommen mit Lloyds Banking Group
07/13/201604:00:00TSYS renouvelle son accord de paiements avec Lloyds Banking Group
06/30/201609:00:00TSYS to Broadcast Second-Quarter 2016 Results
06/28/201612:30:00TSYS Named to The Civic 50 in 2016
06/23/201610:07:00DealerSocket integrates with ProPay to expand Independent dealers...
06/21/201609:00:00TSYS and Equinox Launch Semi-integrated EMV® Solution for Lodging
06/17/201610:01:01Statement of Changes in Beneficial Ownership (4)

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