Euronet Worldwide: 2Q Earnings Snapshot
Posted July 29, 2020 5:07 am.
Last Updated July 29, 2020 5:08 am.
This article is more than 5 years old.
LEAWOOD, Kan. (AP) _ Euronet Worldwide Inc. (EEFT) on Wednesday reported a second-quarter loss of $115.8 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Leawood, Kansas-based company said it had a loss of $2.18. Earnings, adjusted for asset impairment costs and non-recurring costs, were 4 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share.
The electronic payments and transactions processor posted revenue of $527.8 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $476.1 million.
Euronet Worldwide shares have declined 39% since the beginning of the year. The stock has declined 39% 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 EEFT at https://www.zacks.com/ap/EEFT
The Associated Press
