Vantiv Acquires Element Payments, Beats Q2 EPS Expectations

By  |  July 25, 2013
 | 

Payment strategy and technology provider Vantiv announced revenue of $297 million for the second quarter of 2013, StreetInsider reported on July 25.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    This figure came in below the $299.14 million in revenue analysts expected. However, Vantiv posted earnings per share of $0.40 for the quarter, a figure that topped predictions by $0.02.

    The company also made public its acquisition of Arizona-based payments technology company Element Payment Systems, a move it said would allow it to penetrate new verticals.

    For more on the company’s earnings report and the acquisition, read the full overview here.


    Recommended

    Tariff Tally: Global Losses Eclipse $35B Going Into Q3 Earnings

    Tariff Tally: Global Losses Eclipse $35 Billion Going Into Q3 Earnings

    digital identity

    Visa and Proof Team to Bolster Digital ID Verification

    Alibaba AI glasses

    Alibaba Unveils AI Chatbot and Prices AI Glasses at $659

    SEC Chair Says Regulation Continues Despite Shutdown

    See More In: ,