Evertec: Q4 Earnings Snapshot

SAN JUAN, Puerto Rico (AP) — SAN JUAN, Puerto Rico (AP) — Evertec Inc. (EVTC) on Wednesday reported fourth-quarter profit of $11.5 million.

The San Juan, Puerto Rico-based company said it had profit of 17 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 62 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.

The payment processing company posted revenue of $194.6 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $179.9 million.

For the year, the company reported profit of $79.7 million, or $1.21 per share. Revenue was reported as $694.7 million.

Evertec expects full-year earnings in the range of $2.82 to $2.94 per share, with revenue in the range of $844 million to $854 million.

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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 EVTC at https://www.zacks.com/ap/EVTC