Payment processor Heartland lost $2.6 million, or 7 cents per share, compared with $11.5 million in the same quarter a year ago. Total revenue rose by 6 percent to $417.4 million; net revenue climbed 14 percent. For 2009 Heartland says it is reducing its outlook for earnings of 85 cents to 90 cents, excluding 6 cents in stock-based compensation expenses – and net revenue of $420 million to $425 million. The company processes 100 million transactions a month, mostly for small to medium-sized retail and merchant businesses.”]
Source: https://www.cuinfosecurity.com/heartland-reports-loss-a-1684