ACI Worldwide Q2 Profit Surges, Backs Organic FY14 Outlook

(RTTNews) - ACI Worldwide, Inc (ACIW) Thursday reported a rise in its second-quarter net earnings to $11 million or $0.10 per share from $2 million, or $0.02 per share last year. The variance was primarily driven by higher revenues and cost containment.

On an adjusted basis, the company earned $0.12 per share. On average, 4 analysts polled by Thomson Reuters expected earnings per share of $0.03 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly revenues climbed to $254.80 million from $205.83 million last year. Analysts estimated revenue of $247.80 million.

Looking ahead, for the third quarter, the company expects adjusted EBITDA in a range of $290 million-$300 million, on non-GAAP revenue of $250 million- $260 million.

For the full year, the firm still expects to generate non-GAAP revenue in a range of $1.06 billion- $1.08 billion for the full year.