UPDATE: DST Systems Reports Upbeat Q4 Results

DST Systems Inc

reported better-than-expected fourth-quarter results. DST Systems' quarterly net income fell to $41.8 million, or $0.93 per share, from $93.3 million, or $2 per share, in the year-ago period. Excluding items, DST Systems earned $1.05 per share in the quarter, versus analysts' estimates of $0.96 per share. DST Systems' revenue climbed to $457.3 million, versus analysts' estimates of $436.8 million. DST Systems shares closed at $50.75 yesterday.