Worldpay beats by $0.02, reports revs in-line; guides Q4 EPS in-line, revs in-line
- Reports Q3 (Sep) earnings of $1.05 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $1.03; revenues fell 1.5% year/year to $1.02 bln vs the $1.02 bln S&P Capital IQ Consensus.
- Had the Vantiv Inc./Worldpay Group plc transaction closed on January 1, 2017, net revenue would have increased by 9% on a pro forma basis as compared to the prior year period.
- Adjusted EBITDA was $496.8 million or 48.8% of net revenue in the third quarter, representing 10 basis points of margin expansion as compared to Vantiv, Inc. results on a stand-alone basis in the prior year period. Had the Vantiv, Inc./Worldpay Group plc transaction closed on January 1, 2017, Adjusted EBITDA margins would have expanded by 150 basis points on a pro forma basis over the prior year period.
- Co issues in-line guidance for Q4, sees EPS of $1.05-1.10, excluding non-recurring items, vs. $1.09 S&P Capital IQ Consensus; sees Q4 revs of $1027-1055 mln vs. $1.05 bln S&P Capital IQ Consensus