First Data reports earnings dip

First Data reports earnings dip
Tags: Asia, Australia & Pacific, Bank / Credit Union, EFT Networks, Middle East & Africa, North America, Other, Public Companies, Transaction Processing, Trends / Statistics
April 19, 2007

The Denver Business Journal: First Data Corp.'s earnings fell 59 percent in the first quarter of 2007, primarily, the company said, because of its spin-off of Western Union in September. First-quarter earnings were $175.2 million, 23 cents per share, down from 430.2 million, 55 cents per share, last year. Revenue hit $1.84 billion, up 12 percent from $1.64 billion during the same quarter in 2006. First Data on April 1 announced plans to be acquired by private-equity firm Kohlberg Kravis Roberts & Co. for about $29 billion.