=First Data (FDC) reported earnings on Mon 13 Feb 2017 (b/o)

First Data beats by $0.03, misses on revs :

• Reports Q4 (Dec) earnings of $0.39 per share, $0.03 better than the Capital IQ Consensus of $0.36; revenues fell 0.7% year/year to $2.94 bln vs the $3.01 bln Capital IQ Consensus.
  • Total segment revenue was $1.8 billion for the quarter, flat over the prior year period, or up 3% excluding the impacts from currency and divestiture of the Australian ATM business that occurred in the third quarter of 2016.
• Total segment earnings before interest, taxes, depreciation, and amortization (total segment EBITDA) in the fourth quarter 2016 was $771 million, up 1% versus the prior year period, or up 4% excluding impacts from currency and the Australian ATM divestiture, driven by revenue growth and expense management. Total segment EBITDA margin improved 50 basis points to 42.1% in the quarter.
• Total borrowings at December 31, 2016 were reduced to $18.5 billion, from $18.9 billion at September 30, 2016 and $19.6 billion at year end 2015. Net debt at December 31, 2016 was reduced to $18.2 billion, from $18.5 billion at September 30, 2016 and $19.3 billion at year end 2015.