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First Data (FDC) Stock Jumps on Q1 Earnings Beat

NEW YORK (TheStreet) -- Shares of First Data Corp. (FDC) are spiking by 6.54% to $13.85 on Monday morning, following the release of better-than-expected earnings results for the 2016 first quarter.

Before today's opening bell, the New York-based payments processor posted adjusted earnings of 24 cents per diluted share, topping analysts' estimates by one penny.

Revenue increased by 2% to $1.69 billion year-over-year, but...