LAS VEGAS (AP) _ Everi Holdings Inc. (EVRI) on Monday reported a fourth-quarter loss of $4.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Las Vegas-based company said it had a loss of 5 cents. Earnings, adjusted for non-recurring costs, were 2 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The cash access products company posted revenue of $145.2 million in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $133.3 million.
For the year, the company reported profit of $16.5 million, or 21 cents per share. Revenue was reported as $533.2 million.
Everi Holdings shares have dropped 28% since the beginning of the year. In the final minutes of trading on Monday, shares hit $9.70, a rise of 24% in the last 12 months.