Cardtronics: 3Q Earnings Snapshot

HOUSTON (AP) _ Cardtronics Inc. (CATM) on Thursday reported third-quarter net income of $8.8 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Houston-based company said it had profit of 19 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 62 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

The ATM operator posted revenue of $340.2 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $319.4 million.

Cardtronics expects full-year earnings in the range of $2 to $2.05 per share, with revenue in the range of $1.31 billion to $1.34 billion.

Cardtronics shares have risen 50 percent since the beginning of the year. The stock has increased 23 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 CATM at https://www.zacks.com/ap/CATM