Euronet Worldwide: 3Q Earnings Snapshot
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.