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USA Technologies: Fiscal 3Q Earnings Snapshot

MALVERN, Pa. (AP) _ USA Technologies Inc. (USAT) on Tuesday reported fiscal third-quarter net income of $1.2 million, after reporting a loss in the same period a year earlier.

The Malvern, Pennsylvania-based company said it had net income of 2 cents per share. Earnings, adjusted for one-time gains and costs, were 4 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The electronic payment and wireless networking company posted revenue of $35.8 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $38.1 million.

USA Technologies expects full-year revenue in the range of $138 million to $142 million.

USA Technologies shares have decreased 0.5 percent since the beginning of the year. The stock has doubled 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 USAT at https://www.zacks.com/ap/USAT