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Sale Boosts First Data

 

Updated from 9:42 a.m. EDT

First Data Corp.(FDC Quote) Thursday reported higher first-quarter results, though much of the gain was credited to the sale of its ATM unit.

The company posted net income of $483.5 million, or 61 cents a share, including discontinued operations, for the three-month period ended March 31, up from $292.6 million, or 39 cents a share, in the year-ago period. Revenue rose to $2.26 billion, from $1.97 billion in the year-ago period.

Analysts' consensus estimate was for 44 cents a share, according to Thomson First Call. ...

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