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Cardtronics reports 1Q loss

HOUSTON (AP) _ Cardtronics Inc. (CATM) on Wednesday reported a first-quarter loss of $901,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the Houston-based company said it had a loss of 2 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 55 cents per share.

The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.

The ATM operator posted revenue of $357.6 million in the period, topping Street forecasts. Seven analysts surveyed by Zacks expected $348.6 million.

Cardtronics expects full-year earnings in the range of $2.80 to $3 per share, with revenue in the range of $1.45 billion to $1.5 billion.

Cardtronics shares have dropped 23 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $42.20, a climb of 6 percent 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


Keywords: Cardtronics, Earnings Report