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Tuesday, January 18, 2011

Ingenico says strong Q4 helped it beat 2010 targets, (INGC), (NYSE: DHR)

French payment services provider Ingenico (INGC.PA), which was recently blocked from selling itself to U.S. firm Danaher (DHR.N), said a strong fourth quarter helped it beat annual revenue and margin targets. Ingenico, which has a market value of 1.4 billion euros ($1.9 billion), said its new Telium-branded payment terminals -- promoted as speedier and more secure than previous models -- helped like-for-like fourth-quarter sales jump 14 percent. Full-year revenue due to be published on Feb. 28 will be above 900 million euros, or higher than a previous target of 865 million, the group said in a statement on Tuesday.

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