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Euronet Worldwide: 1Q Earnings Snapshot

LEAWOOD, Kan. (AP) _ Euronet Worldwide Inc. (EEFT) on Monday reported first-quarter profit of $34.5 million.

The Leawood, Kansas-based company said it had net income of 62 cents per share. Earnings, adjusted for amortization costs and stock option expense, came to 85 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.

The electronic payments and transactions processor posted revenue of $577.5 million in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $602.5 million.

For the current quarter ending in July, Euronet Worldwide expects its per-share earnings to be $1.69.

Euronet Worldwide shares have risen 44% since the beginning of the year. The stock has risen 86% 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 EEFT at https://www.zacks.com/ap/EEFT