USA Technologies: Fiscal 3Q Earnings Snapshot
Posted June 24, 2020 4:16 pm.
Last Updated June 24, 2020 4:24 pm.
This article is more than 5 years old.
MALVERN, Pa. (AP) _ USA Technologies Inc. (USAT) on Wednesday reported a loss of $9.3 million in its fiscal third quarter.
On a per-share basis, the Malvern, Pennsylvania-based company said it had a loss of 15 cents. Losses, adjusted for non-recurring costs and amortization costs, came to 11 cents per share.
The electronic payment and wireless networking company posted revenue of $43.1 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $44.3 million.
USA Technologies shares have declined 12% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.50, a fall of 12% in the last 12 months.
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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 USAT at https://www.zacks.com/ap/USAT
The Associated Press
