First Data Corp., the payments processor that went public last year, climbed in New York trading after posting adjusted first-quarter profit that beat analysts’ estimates as revenue increased.

First Data gained 6.5 percent to $13.84 at 10:15 a.m., the best performance in the 235-company Russell 1000 Financial Services Index and paring this year’s decline to 14 percent.

The net loss for the quarter narrowed to $56 million from $112 million a year earlier, the New York-based firm said Monday in a statement. Excluding some costs tied to the October initial public offering and debt extinguishment, adjusted profit was 24 cents a share, the company said. That beat by one cent the average estimate of 21 analysts surveyed by Bloomberg.

Total revenue climbed 3 percent to $2.78 billion from a year earlier, in line with analysts’ estimates, while expenses rose 4.3 percent to $2.54 billion, according to the statement. The company booked a $46 million charge in the quarter for retiring debt, and $52 million for IPO-related compensation costs.

First Data, which doesn’t provide forecasts, said on a call with analysts Monday that it expects revenue to increase at higher rate than the current mid-single digits as its North America merchant-acquiring business improves.

“As you think about our story in terms of what investors have focused on, it’s really around revenue growth, margin expansion and free cash flow," Chief Financial Officer Himanshu Patel said in a phone interview. “And what you see in the quarter is really healthy signs around all three of those.”

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