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Euronet Worldwide beats Street 3Q forecasts

LEAWOOD, Kan. (AP) _ Euronet Worldwide Inc. (EEFT) on Thursday reported third-quarter earnings of $100.3 million.

The Leawood, Kansas-based company said it had profit of $1.80 per share. Earnings, adjusted for non-recurring gains, came to $1.61 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.60 per share.

The electronic payments and transactions processor posted revenue of $637.8 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $594.4 million.

For the current quarter ending in December, Euronet Worldwide expects its per-share earnings to be $1.12.

Euronet Worldwide shares have risen 34 percent since the beginning of the year. The stock has climbed 15 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 EEFT at https://www.zacks.com/ap/EEFT