Citing steady international growth and earnings from increased debit network fees, First Data Corp. delivered a 3.8% increase in third-quarter consolidated revenue, the Atlanta card processor reported Wednesday.
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Consolidated revenue increased to $2.7 billion from $2.6 billion during the same period last year.
Merchant-related services rose 1%, to $925 million from $916 million, while card services increased 2.1%, to $441 million from $432 million.
First Data reported a net loss of $54 million for the quarter, an improvement from the $431 million loss a year earlier. The company reported numerous pretax benefits as aiding in the improvement.
First Data is a unit of the Kohlberg Kravis Roberts & Co. private-equity firm.
