The Princeton, N.J., transaction processor Heartland Payment Systems Inc. reported record earnings for the third quarter but cut its full-year guidance on concerns about poor economic conditions.

Heartland said Tuesday that its revenue climbed 20% from a year earlier, to $424.8 million. Net income rose 14%, to $13.4 million. The results, like those for the second quarter, were boosted by the May acquisition of Alliance Data Network Services LLC, a unit now known as Network Services.

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