July 23--Locally based companies to report2Q earnings
It's earnings-palooza day for three of the major publicly traded companies headquartered in Columbus.
Aflac, Synovus and TSYS are scheduled to release their second-quarter financial data today, but not in that order.
Regional bank Synovus Financial Corp. kicks off first this morning before the New York Stock Exchange opens at 9:30, with analysts who follow the company anticipating net income of two cents per share. If that occurs, it will mark the fourth quarter in a row the bank has posted a profit following three straight years of losses. A year ago in the April-June period, the company lost 7 cents per share.
Both supplemental health and life insurer Aflac and credit-card processor TSYS will make public their quarterly data after the markets close at 4 p.m.
Aflac, a steady-as-she-goes earnings machine through the years, should again reward investors with a profit of $1.61 per share, according to analysts surveyed by Thomson Financial. That's up from $1.56 per share in the second quarter last year.
TSYS, which last week unveiled a major processing contract with Bank of America, is expected to report net income of 32 cents per share. That's better than the 28 cents per share a year ago.
(c)2012 the Columbus Ledger-Enquirer (Columbus, Ga.)
Visit the Columbus Ledger-Enquirer (Columbus, Ga.) at www.ledger-enquirer.com
Distributed by MCT Information Services