Heartland Payment Systems has posted a net income of $6.17m, or $0.16 per diluted share, for the second quarter ended June 30, 2010, compared to a net loss of $2.6m, or $0.07 per diluted share, for the same quarter last year.
Total revenues for the second quarter of 2010 were $475.88m compared to $417.37 in the corresponding quarter of 2009.
For the first six months of 2010, Heartland posted a net income of $20.42m, or $0.52 per diluted share, compared to a net loss of $5.08m, or $0.14 per diluted share, in 2009. Total revenues in the first half of 2010 were $611.78m compared to $548.61m in same period last year.
Robert Carr, chairman and CEO of Heartland, said: “Both transaction processing volume and network services transactions processed reached quarterly records in the second quarter, while same store sales turned positive and contributed to our growth for the first time in over two years. As a result, the rate of net revenue growth in the quarter improved relative to the first quarter.”