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Net 1 UEPS: Fiscal 1Q Earnings Snapshot

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ROSEBANK, South Africa (AP) _ Net 1 UEPS Technologies Inc. (UEPS) on Thursday reported a loss of $29 million in its fiscal first quarter.

The Rosebank, South Africa-based company said it had a loss of 51 cents per share. Losses, adjusted for non-recurring costs and stock option expense, came to 23 cents per share.

The payments company posted revenue of $37.1 million in the period.

In the final minutes of trading on Thursday, the company's shares hit $3.13. A year ago, they were trading at $2.90.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UEPS at https://www.zacks.com/ap/UEPS