Heartland Payment Systems Reports Second Quarter Results

American Chronicle Heartland Payment Systems Reports Second Quarter Results
Heartland Payment Systems, Inc. (NYSE: HPY), one of the nation's largest payment processors, today announced second quarter GAAP net income of $6.1 million or $0.16 per diluted share. Results for the quarter are after $4.9 million (pre-tax), or $0.07 per diluted share, of various expenses and accruals, all of which are attributable to the processing system intrusion. Excluding these expenses and accruals, Adjusted Net Income and Diluted Earnings per Share were $9.1 million and $0.23, respectively, for the second quarter. Adjusted Net Income and Diluted Earnings per Share are non-GAAP measures that exclude certain items detailed later in this press release under the heading 'Use of Non-GAAP Financial Measures.'