TSYS Increases 2017 Revenue And Earnings Outlook - Quick Facts

(RTTNews) - TSYS (TSS) announced the company now expects fiscal 2017 adjusted EPS attributable to shareholders in a range of $3.16 to $3.26; and net revenue in the range of $3.295 to $3.395 billion.

"As a result of our strong first quarter performance and the six-month delay in the effective date of the CFPB's rule governing prepaid accounts, we are increasing our revenue and EPS guidance for 2017. We are raising our total revenue and net revenue guidance by $20 million as a result of the rule's delay. We are also raising our EPS guidance by $0.11 per share," said Troy Woods, CEO of TSYS.

First-quarter adjusted earnings per share were $0.82, an increase of 25.4% over last year's $0.66. Net revenue, which excludes reimbursable items, interchange and assessment expenses, was $832.9 million, an increase of 24.0% over last year's $671.6 million.