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Jack Henry Profit Rises

Stock quotes in this article: JKHY  

Financial transaction processor Jack Henry(JKHY Quote) reported a 20.7% rise in earnings for the third quarter, aided by margin growth in its support and service segment.

The company earned $23.5 million, or 25 cents a share, in the quarter, compared with $19.4 million, or 21 cents a share, a year ago. Analysts surveyed by Thomson First Call were expecting earnings of 25 cents a share.

Third-quarter revenue rose 8.3% from a year ago to $145.5 million as against analysts' expectation of $153.1 million. ...

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