DST Systems Q2 Profit Decreases - Quick Facts

(RTTNews) - DST Systems, Inc. (DST) reported second-quarter net income of $107.5 million or $2.91 per share compared to $137.8 million or $3.34 per share, for the second quarter 2014. Adjusted net income was $51.4 million or $1.39 per share, for second quarter 2015.

On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $1.41 for the quarter. Analysts' estimates typically exclude special items.

Consolidated operating revenues decreased 1.8% to $500.4 million, primarily due to the sale of DST Global Solutions Ltd. in fourth quarter 2014 and $9.8 million of negative foreign currency movements. Excluding Global Solutions second quarter 2014 operating revenues and foreign currency impacts, consolidated operating revenues increased 3.2% in second quarter 2015 as compared to 2014. Analysts expected revenue of $665.74 million for the quarter.