Worldpay: 1Q Earnings Snapshot

SYMMES TOWNSHIP, Ohio (AP) _ Worldpay Inc. (WP) on Thursday reported first-quarter net income of $36.4 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Symmes Township, Ohio-based company said it had profit of 12 cents. Earnings, adjusted for one-time gains and costs, came to 94 cents per share.

The results beat Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.

The payments processor posted revenue of $970 million in the period, also surpassing Street forecasts. Eleven analysts surveyed by Zacks expected $951 million.

For the current quarter ending in July, Worldpay expects its per-share earnings to range from $1.16 to $1.19.

The company said it expects revenue in the range of $1.06 billion to $1.07 billion for the fiscal second quarter.

Worldpay expects full-year earnings in the range of $4.60 to $4.70 per share, with revenue ranging from $4.22 billion to $4.28 billion.

Worldpay shares have climbed 53% since the beginning of the year. The stock has increased 43% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WP at https://www.zacks.com/ap/WP