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Everi Holdings: 2Q Earnings Snapshot

LAS VEGAS (AP) _ Everi Holdings Inc. (EVRI) on Tuesday reported second-quarter profit of $5.5 million.

On a per-share basis, the Las Vegas-based company said it had profit of 7 cents.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 7 cents per share.

The cash access products company posted revenue of $129.7 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $129 million.

Everi Holdings shares have more than doubled since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.10, a climb of 41% 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