Payment strategy and technology provider Vantiv announced revenue of $297 million for the second quarter of 2013, StreetInsider reported on July 25.
This figure came in below the $299.14 million in revenue analysts expected. However, Vantiv posted earnings per share of $0.40 for the quarter, a figure that topped predictions by $0.02.
The company also made public its acquisition of Arizona-based payments technology company Element Payment Systems, a move it said would allow it to penetrate new verticals.
For more on the company’s earnings report and the acquisition, read the full overview here.
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