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Cardtronics: 3Q Earnings Snapshot

·1 min read

HOUSTON (AP) _ Cardtronics Inc. (CATM) on Thursday reported third-quarter earnings of $5.7 million.

The Houston-based company said it had profit of 13 cents per share. Earnings, adjusted for one-time gains and costs, were 49 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

The ATM operator posted revenue of $279.4 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $277.7 million.

Cardtronics shares have dropped 60% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $17.94, a decline of 50% 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