First Data Beats Analysts' 3Q Estimates by 5 Cents - TheStreet

First Data

(FDC) - Get Report

reported third-quarter income of 58 cents a share, beating analysts' expectations for the period.

According to a

First Call/Thomson Financial

survey, 11 analysts were looking for the company to earn 53 cents a share. The electronic-commerce and payment services company earned 48 cents a share in the year-ago period.

Revenue rose to $1.44 billion from $1.38 billion a year ago.

The company expects earnings for the year to be in a range of $2.09 to $2.14 a share compared with its earlier expectations of $2.02 to $2.07 a share. The Wall Street consensus estimate was $2.07 a share for the year.