We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Rob C. who wrote (20293)1/31/2007 8:56:42 AM
From: Neil H  Read Replies (1) of 20297
Hopefully you picked up your traders again.

Ahead of the Bell: CheckFree Climbs
Wednesday January 31, 8:49 am ET
Shares of Checkfree Rise As Company Adds Major Customers During Second Quarter

NEW YORK (AP) -- Shares of CheckFree Corp. rose in pre-market trading Wednesday after the electronic payments processor posted strong fiscal second-quarter profit fueled by more transactions and several key customer signings.

Norcross, Ga.-based Checkree, which facilitates more than one billion payments a year, beat Wall Street's forecasts for second-quarter earnings and said revenue rose 11 percent.

SunTrust Robinson Humphrey analyst Andrew W. Jeffrey said the quarter saw large companies adopt CheckFree's technology to host payments through the Internet and electronic portals.

Jeffrey pointed to CheckFree's signing of Wal-Mart Stores Inc., retail bank BB&T Corp. and the "critical enlistment" of American Express Co., as proof CheckFree's strategy "has legs."

CheckFree hosted 3 percent more transactions in the second quarter than the first quarter, spurred by online payments.

The results were "in stark contrast to recent fears of a weak transaction quarter," Robert W. Baird analyst David J. Koning wrote in a client note.

Shares of CheckFree rose $1.80, or 4.6 percent, to $41 in pre-market trading, after closing Tuesday at $39.20 on the Nasdaq.


Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext