Euronet Worldwide: 4Q Earnings Snapshot

LEAWOOD, Kan. (AP) _ Euronet Worldwide Inc. (EEFT) on Thursday reported fourth-quarter net income of $60 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Leawood, Kansas-based company said it had profit of $1.10. Earnings, adjusted for one-time gains and costs, were $1.37 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.

The electronic payments and transactions processor posted revenue of $649.4 million in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $663.6 million.

For the year, the company reported profit of $232.8 million, or $4.26 per share. Revenue was reported as $2.54 billion.

Euronet Worldwide shares have increased 13 percent since the beginning of the year. The stock has risen 39 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 EEFT at https://www.zacks.com/ap/EEFT