2.31%C 7.40 5.37%QQQQ 27.81 2.83%
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PRINCETON, N.J. - Heartland Payment Systems Inc. shares rose sharply Tuesday morning after the provider of card processing and payments services reported second-quarter net income that met analysts' expectations.
| HPY | 15.77 |  -0.46 |
The company said its second-quarter earnings rose 10 percent to $11.5 million, or 30 cents per share. Heartland Payment Systems earned $10.4 million, or 26 cents per share, during the same quarter last year.
Revenue rose to $394.5 million from $333.4 million.
Analysts polled by Thomson financial, on average, forecast earnings of 30 cents per share for the quarter on revenue of $395.2 million.
Revenue rose as total transaction processing volume jumped 29 percent during the quarter.
Shares of Heartland Payment Systems rose $2.39, or 10.9 percent, to $24.29 in morning trading. The stock has ranged from $19.44 to $33 over the past year.
U.S. stocks were mixed on Thursday after retailers reported mostly disappointing sales while other big-name companies announced layoffs and Europ...
China markets opened lower on Tuesday morning as the investors' confidence hit by the signals that global recession are deepening.
The markets have spoken: risk aversion is still the name of the game and that was obvious since the beginning of the week.
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