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Net 1 UEPS: Fiscal 4Q Earnings Snapshot

JOHANNESBURG (AP) _ Net 1 UEPS Technologies Inc. (UEPS) on Thursday reported a fiscal fourth-quarter loss of $149.7 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Johannesburg-based company said it had a loss of $2.63. Losses, adjusted for non-recurring costs and stock option expense, came to $2.45 per share.

The payments company posted revenue of $71.2 million in the period.

For the year, the company reported a loss of $273.6 million, or $4.82 per share, swinging to a loss in the period. Revenue was reported as $380.7 million.

In the final minutes of trading on Thursday, the company's shares hit $3.63. A year ago, they were trading at $7.58.


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