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Cardtronics: 2Q Earnings Snapshot

HOUSTON (AP) _ Cardtronics Inc. (CATM) on Thursday reported second-quarter earnings of $10.5 million.

The Houston-based company said it had profit of 22 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 69 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.

The ATM operator posted revenue of $340.8 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $331.9 million.

Cardtronics expects full-year earnings in the range of $2.24 to $2.36 per share, with revenue in the range of $1.33 billion to $1.36 billion.

Cardtronics shares have risen 15% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $30.02, an increase of 21% 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