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Cardtronics: 2Q Earnings Snapshot

August 3, 2018

HOUSTON (AP) _ Cardtronics Inc. (CATM) on Thursday reported second-quarter earnings of $3.8 million.

On a per-share basis, the Houston-based company said it had profit of 8 cents. Earnings, adjusted for one-time gains and costs, were 61 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.

The ATM operator posted revenue of $341 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $324 million.

Cardtronics expects full-year earnings in the range of $1.70 to $1.85 per share, with revenue in the range of $1.28 billion to $1.32 billion.

Cardtronics shares have climbed 29 percent since the beginning of the year. The stock has declined 25 percent 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 CATM at https://www.zacks.com/ap/CATM

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