Earnings Climb At eFunds

November 04, 2004, 1:00 a.m. EST 1 Min Read

SCOTTSDALE, Ariz. - (11/04/04) -- Funds processor eFunds Corp. said a5% increase in third quarter revenues to $140.1 million helped fuelan 18% rise in earnings to $10.7 million, or 22 cents a share,compared to the same period last year. As a result, revenues rose6% for the first three quarters to $421.7 million, while net incomesurged 57% to $29.5 million, or 60 cents a share. Third quarterhighlights include the sale of eFunds' 17,200 ATMs, once thelargest non-bank owned ATM fleet, to Portland, Ore.-based TRMCorp., for $150 million, which is expected to close in the fourthquarter.

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