CheckFree Free Of Red Ink

Register now

ATLANTA - (04/22/05) -- Electronic bill payment processorCheckFree Corp. reported that earnings for its fiscal third quarterended March 31 more than doubled to $15.6 million, or 17 cents ashare, compared to the third quarter last year. As a result, netincome for the first three quarters of the year was $34.9 million,or 38 cents a share, compared to a loss of $869,000, or a penny ashare, for the first nine months last year. Revenues for thecompany's third quarter rose 23% to $191.2 million, and for thefirst three quarters by 24% to $554.8 million. CheckFree reportedits core electronic commerce division processed 234 milliontransactions in the third quarter, up 7% from last year's thirdquarter, and delivered 37 million electronic bills, up12%.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER