WASHINGTON (dpa-AFX) - TSYS (TSS) announced, as a result of currency headwinds, the company's 2016 total and net revenue guidance are being adjusted. Net revenue is now expected to range between $3.03 billion and $3.05 billion. Total revenues are expected to be between $4.15 billion and $4.17 billion. EPS guidance remains unchanged. Analysts polled by Thomson Reuters expect the company to report revenue of $4.21 billion.
'We remain on track with our TransFirst integration activities and continue to be laser-focused on successfully combining our legacy merchant businesses with TransFirst,' said Troy Woods, chairman and CEO of TSYS.
Third-quarter adjusted EPS was $0.71, which included $0.06 of headwinds for currency and severance expenses, a decrease of 8.7% over last year's $0.78. Net revenue (non-GAAP) was $789.6 million, an increase of 24.1% over last year's $636.4 million. Total revenues were $1.1 billion, an increase of 62.0% over last year's $707.9 million.
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