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Cardtronics: 1Q Earnings Snapshot

HOUSTON (AP) _ Cardtronics Inc. (CATM) on Thursday reported first-quarter net income of $4.3 million, after reporting a loss in the same period a year earlier.

The Houston-based company said it had net income of 9 cents per share. Earnings, adjusted for one-time gains and costs, came to 35 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.

The ATM operator posted revenue of $318.3 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $311 million.

Cardtronics expects full-year earnings in the range of $2.01 to $2.12 per share, with revenue in the range of $1.32 billion to $1.36 billion.

Cardtronics shares have risen 36% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $35.41, a climb of 42% 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