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Euronet Worldwide: 2Q Earnings Snapshot

July 24, 2018

LEAWOOD, Kan. (AP) _ Euronet Worldwide Inc. (EEFT) on Tuesday reported second-quarter net income of $43.7 million.

The Leawood, Kansas-based company said it had profit of 82 cents per share. Earnings, adjusted for one-time gains and costs, were $1.32 per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of $1.32 per share.

The electronic payments and transactions processor posted revenue of $622.2 million in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $618.1 million.

For the current quarter ending in October, Euronet Worldwide expects its per-share earnings to be $2.10.

Euronet Worldwide shares have dropped slightly since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $84.02, a drop of 9 percent in the last 12 months.

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

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