First Data Corp Beats Second Quarter Estimates
Shares of First Data Corp (NYSE:FDC) opened higher, but has lost some ground since then, even though the company topped analysts’ forecasts for the second quarter. The eCommerce technology company earned $0.35 a share, above the expected $0.34, while revenue amounted to $1.98 billion, better than the consensus estimate of $1.81 billion. First Data Corp’s CEO, Frank Bisignano, said in a press statement that net income growth, healthy margin expansion and strong cash flow drove earnings in the quarter beyond expectations. The company experienced growth in Global Financial Solutions and strong client momentum in the enterprise space. Among the investors in our database, 17 funds owned shares of First Data Corp (NYSE:FDC) at the end of March.
BroadSoft Posts Second Quarter Results
BroadSoft Inc (NASDAQ:BSFT)’s stock has inched down today after the company reported a second-quarter loss of $2.9 million and issued weaker-than-expected guidance for the third quarter. However, adjusted earnings in the quarter were $0.49, better than the analysts’ estimates of $0.36, while $81.7 million in revenue also topped the estimate of $78.99 million. For the third quarter, the Maryland-based software company expects EPS of $0.26 to $0.41, versus the consensus estimate of $0.47, while full-year earnings estimated by the company lie in the range of $1.95 to $2.15 per share. BroadSoft’s CEO Michael Tessler said in a statement that the company is experiencing strong customer growth around the world, and it plans to continue its innovation to remain a leading player in the industry. Dan Friedberg’s Sagard Capital Partners Management Corp was one of 16 funds from our database that held stakes in BroadSoft Inc (NASDAQ:BSFT) at the end of the first quarter.
Insperity Misses Revenue Estimates
Insperity Inc (NYSE:NSP)’s stock has slid by nearly 12% this morning on the back of the company’s second-quarter results. The Houston-based employer organization’s revenue in the quarter was $707.33 million, sharply lower than analysts’ estimates of $720.85 million, while EPS of $0.60 was slightly higher than the expected $0.59. For the third quarter, Insperity expects to earn between $0.72 and $0.78 per share, versus the consensus estimate of $0.73, whereas full-year EPS is expected to be in the range of $3.50 to $3.60. Overall, 19 funds from our database were long Insperity Inc (NYSE:NSP) at the end of the first quarter, down from 25 funds a quarter earlier.