AP NEWS

Euronet Worldwide: 4Q Earnings Snapshot

February 11, 2020 GMT

LEAWOOD, Kan. (AP) _ Euronet Worldwide Inc. (EEFT) on Tuesday reported fourth-quarter net income of $106.5 million.

The Leawood, Kansas-based company said it had profit of $1.91 per share. Earnings, adjusted for one-time gains and costs, came to $1.63 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.61 per share.

The electronic payments and transactions processor posted revenue of $693.7 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $712.4 million.

For the year, the company reported profit of $346.8 million, or $6.32 per share. Revenue was reported as $2.75 billion.

For the current quarter ending in April, Euronet Worldwide expects its per-share earnings to be 95 cents.

Euronet Worldwide shares have climbed slightly since the beginning of the year. The stock has risen 25% in the last 12 months.

_____

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