First Data Revises 2004 EPS Guidance Upward by $0.17
DENVER, Apr 5, 2004 /PRNewswire-FirstCall via COMTEX/ -- First Data Corp. (NYSE: FDC), a global leader in electronic commerce and payment services, today announced that it is revising its 2004 EPS guidance upward by $0.17. The change is due to the gain that resulted from the March sale of the company's 67 percent ownership interest in GCA. It was partially offset by restructuring charges associated with eONE Global subsequent to the announcement earlier today concerning its new Simpay contract.
The impact of these events will be accounted for through First Data's continuing operations, and will result in a new 2004 EPS range from continuing operations of $2.17 to $2.35.
First Data previously announced the sale of its 67 percent interest in Global Cash Access LLC (GCA) to GCA Holdings LLC. GCA is a leading supplier of cash access and customer relationship marketing technologies to the gaming industry. As announced previously, First Data will continue to provide a variety of services to GCA, including check guarantee services, ATM transactions and Western Union Money Transfers.
First Data will provide more detail when it releases its first quarter earnings on April 22.
About First Data
First Data Corp. (NYSE: FDC), with global headquarters in Denver, helps power the global economy. As a leader in electronic commerce and payment services, First Data serves approximately 3.5 million merchant locations, 1,400 card issuers and millions of consumers, making it easy, fast and secure for people and businesses to buy goods and services using virtually any form of payment. With 30,000 employees worldwide, the company provides credit, debit, smart card and stored-value card issuing and merchant transaction processing services; Internet commerce solutions; money transfer services; money orders; and check processing and verification services throughout the United States. First Data also offers a variety of payment services in the United Kingdom, Australia, Canada, Japan, Mexico, Spain, the Netherlands, the Middle East and Germany. Its Western Union and Orlandi Valuta money transfer networks include a total of approximately 182,000 agent locations in more than 195 countries and territories.
Source: Company Press Release