AP NEWS

Euronet Worldwide: 3Q Earnings Snapshot

October 23, 2019 GMT

LEAWOOD, Kan. (AP) _ Euronet Worldwide Inc. (EEFT) on Tuesday reported third-quarter net income of $137.6 million.

On a per-share basis, the Leawood, Kansas-based company said it had net income of $2.46. Earnings, adjusted for one-time gains and costs, were $2.84 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.80 per share.

The electronic payments and transactions processor posted revenue of $787 million in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $820.1 million.

For the current quarter ending in December, Euronet Worldwide expects its per-share earnings to be $1.61.

Euronet Worldwide shares have risen 41% since the beginning of the year. The stock has increased 27% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EEFT at https://www.zacks.com/ap/EEFT