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Net 1 UEPS: Fiscal 1Q Earnings Snapshot

November 8, 2019 GMT

JOHANNESBURG (AP) _ Net 1 UEPS Technologies Inc. (UEPS) on Thursday reported a fiscal first-quarter loss of $4.4 million, after reporting a profit in the same period a year earlier.

The Johannesburg-based company said it had a loss of 8 cents per share. Losses, adjusted for non-recurring costs and stock option expense, were 2 cents per share.

The payments company posted revenue of $80.8 million in the period.

The company’s shares closed at $2.91. A year ago, they were trading at $6.72.

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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 UEPS at https://www.zacks.com/ap/UEPS