First Data Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported total revenues of $2,369 million compared to $3,076 million a year ago. Operating profit was $475 million compared to $417 million a year ago. Income before income taxes and equity earnings in affiliates was $444 million compared to $179 million a year ago. Net income attributable to the company was $401 million or $0.42 per diluted share compared to $296 million or $0.31 per diluted share a year ago. Adjusted net income was $340 million or $0.35 per diluted share compared to $376 million or $0.40 per diluted share a year ago.

For the nine months, the company reported total revenues of $7,099 million compared to $8,902 million a year ago. Operating profit was $1,361 million compared to $1,210 million a year ago. Income before income taxes and equity earnings in affiliates was $861 million compared to $429 million a year ago. Net income attributable to the company was $843 million or $0.88 per diluted share compared to $517 million or $0.55 per diluted share a year ago. Adjusted net income was $990 million or $1.04 per diluted share compared to $1,008 million or $1.07 per diluted share a year ago. Capital expenditures were $452 million compared to $390 million a year ago. Free cash flow was $1,190 million compared to $1,079 million a year ago. Net debt at September 30, 2018 decreased by $1,438 million to $17,183 million, from $18,621 million at December 31, 2017. Net cash provided by operating activities was $1,809 million compared to $1,582 million a year ago.

For the year 2018, the updated growth rate guidance provided below holds foreign exchange rates constant versus the year-ago comparable period, and applies the New Reporting Standards to the referenced year ago period. Organic constant currency segment revenue growth guidance remains unchanged at 5% to 6%. Reported constant currency segment revenue growth was revised to 6.3% to 7.3%, strictly to reflect the impact of divestitures completed in the third quarter of 2018 this compares to previously disclosed reported constant currency segment revenue growth guidance of 7% to 8%; Organic constant currency segment EBITDA growth guidance remains unchanged at 6.5% to 8.5%. Reported constant currency segment EBITDA growth was revised to 7.6% to 9.6%, strictly to reflect the impact of divestitures completed in the third quarter of 2018, this compares to previously disclosed reported constant currency segment EBITDA growth guidance of 8% to 10%; and expects Adjusted diluted EPS of $1.38 to $1.40. This compares to previously disclosed guidance of $1.42 to $1.47. The revision to the EPS guidance primarily reflects the negative impacts associated with certain significant and recent foreign currency movements, and a modest dilutive impact from recently closed divestitures. This current guidance includes an estimated year-over-year adverse impact from foreign currency movements on reported segment EBITDA of approximately $60 million in the second half of 2018 (which was approximately flat in the first half of 2018). Free cash flow of $1.4+ billion guidance remains unchanged. The company expects Cash provided by operating activities of $2.1 + billion. Net income attributable to FDC to be in range of $0.98-$1.00. Adjusted Net Income to be in range of $1.38-$1.40.