Everi Holdings: 3Q Earnings Snapshot
LAS VEGAS (AP) _ Everi Holdings Inc. (EVRI) on Tuesday reported third-quarter net income of $2.1 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Las Vegas-based company said it had profit of 3 cents.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The cash access products company posted revenue of $120.3 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $112.7 million.
Everi Holdings shares have dropped 1.5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $7.43, a drop of 13 percent in the last 12 months.