DST Systems Q4 Adj. Profit Tops View - Quick Facts

(RTTNews) - DST Systems, Inc. (DST) reported fourth-quarter net income of $255.1 million or $6.65 per share, from $84.0 million or $1.97 per share in the comparable quarter last year.

Excluding certain items, the company recorded a profit of $66.4 million or $1.73 per share, compared with $57.0 million or $1.34 per share a year ago. On average, five analysts polled by Thomson-Reuters estimated earnings to be $1.70. Analysts' estimates typically exclude one-time items.

Operating revenues for the latest fourth quarter rose to $516.7 million from $500.1 million in the previous year. Total revenues were $706.5 million, compared with $667.3 million, last year. Analysts expected revenues of $650.55 million for the quarter.

Further,  on January 28, 2015, the Board of Directors of DST declared a quarterly cash dividend of $0.30 per share on its common stock, payable on March 13, 2015, to shareholders of record at close of business on February 27, 2015.

On January 28, 2015, the Board also authorized a new $250.0 million share repurchase plan.