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Worldpay Reports First Quarter 2018 Results
May 10, 2018 7:02 AM EDTCINCINNATI and LONDON, May 10, 2018 /PRNewswire/ -- Worldpay, Inc. (NYSE: WP, LSE: WPY) ("Worldpay" or the "Company") today announced financial results for the first quarter ended March 31, 2018. Worldpay, Inc. was formed on January 16, 2018 through Vantiv Inc.'s previously announced acquisition of Worldpay Group plc. Net revenue for Worldpay, Inc. increased 81% to $850.7 million as compared to $470.1 million in the prior year period. On a GAAP basis, net (loss) income per diluted share attributable to Worldpay, Inc. decreased (312)% to $(0.36) as compared to $0.17 in the prior year period. The GAAP loss is primarily due to... More
