Vantiv Com (VNTV)

[Jimthetruthseeker]

Is Vantiv in trouble?

Vantiv Inc. missed analysts’ estimates in posting third-quarter earnings on Thursday morning while cutting its full-year outlook.
The news caused investors to sell, pushing the stock down $2.29, or 8 percent, to $26.17 in the first 15 minutes of trading on Thursday.
Payment processor Vantiv (NYSE: VNTV), based in the Cincinnati suburban area of Symmes Township, posted pro forma adjusted net income of 40 cents per share. That’s a 25 percent increase from the 32 cents it earned in the year-ago quarter.
But analysts had expected Vantiv to turn an adjusted profit of 41 cents, according to Thomson Reuters.
That wasn’t its only shortcoming. Vantiv’s net revenue of $294.2 million came in nearly 2 percent shy of analysts’ estimates of $299.5 million. Vantiv’s revenue rose 14 percent from the year-ago figure.
On top of that, Vantiv lowered its full-year earnings and sales outlook.