Heartland Payment Systems Q3 Profit Up; Revises FY Forecast - Quick Facts

(RTTNews) - Heartland Payment Systems, Inc. (HPY) posted higher third-quarter 2013 GAAP net income from continuing operations of $22.0 million, or $0.58 per share, compared with $18.9 million, or $0.47 per share last year. The company also announced adjusted net earnings of $25.1 million, or $0.66 per share for the quarter ended September 30, 2013. On average, 16 analysts polled by Thomson Reuters expected earnings per share of $0.55 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly total revenues of $557.13 million, were higher than the prior year's $530.68 million. Net Revenue of $153.2 million, was up 9.5% from the third quarter of 2012, while fifteen analysts estimated revenues of $158.77 million for the recent period.

For full year 2013, the company now sees net revenue between about $600 million and $605 million, as well as adjusted earnings between $2.30 and $2.33 per share, which is net of $0.37 per share of combined acquisition-related amortization and share-based compensation expense.