NEW YORK (TheStreet) -- Shares of Vantiv (VNTV) were advancing late Wednesday afternoon after the company posted better-than-expected results for the 2016 third quarter.

Before the market open, the Cincinnati-based payment processing company reported adjusted earnings of 71 cents per share, above analysts' estimates of 69 cents per share.

Revenue rose 12% to $490.7 million year-over-year and was higher than Wall Street's projections of $473.0 million.

For the fourth quarter, Vantiv sees adjusted earnings per share between 70 cents and 72 cents on revenue of $488 million to $498 million. Analysts are forecasting earnings of 71 cents per share on revenue of $488 million.

Full-year adjusted earnings per share are expected to range between $2.67 and $2.69 on revenue of $1.89 billion to $1.90 billion. Wall Street is modeling earnings of $2.66 per share on revenue of $1.87 billion for 2016.

TST Recommends

More than 1.73 million of the company's shares changed hands so far today compared to its average volume of 1.21 million shares per day.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B+ on the stock.

The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance.

The team believes its strengths outweigh the fact that the company has had generally high debt management risk by most measures that were evaluated.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: VNTV

Image placeholder title