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Everi Holdings: 1Q Earnings Snapshot

LAS VEGAS (AP) _ Everi Holdings Inc. (EVRI) on Tuesday reported first-quarter earnings of $5.9 million.

The Las Vegas-based company said it had net income of 8 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The cash access products company posted revenue of $123.8 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $121.9 million.

Everi Holdings shares have risen 86% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.59, an increase of 35% 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 EVRI at https://www.zacks.com/ap/EVRI