Euronet Worldwide (EEFT, $141.92) Q3 earnings...

Abhoy Sarkar

published in Blogs

Oct 28, 2019

Euronet Worldwide (EEFT, $141.92) Q3 earnings exceeds expectations; revenue misses estimates

Euronet Worldwide, Inc. beat analysts estimates on earnings. Its revenue, though increased from the year-ago period, still fell short of expectations.

The electronic payment services company’s third-quarter 2019 earnings came in at $2.84 per share, surpassing the Zacks Consensus Estimate by 1.4%. Earnings were +31.5% higher compared to the year-ago quarter.

Total revenue increased +10.1% year-over-year to $787 million – but missed the Zacks Consensus Estimate by -4%.

EFT Processing Segment saw total revenues surge +21% (+26% in constant currency) year over year. Operating income for the segment was + 37% higher from the year-ago quarter (+42% on constant currency basis).

The company’s epay Segment’s total revenues increased +3% year-over-year (+7% up on constant currency basis). Operating income was up +23% year-over-year (+27% on constant currency basis).

The Money Transfer Segment’s revenues rose + 5% (+7% at constant currency). Operating income for this segment was up +6% in constant currency.

Euronet’s total transactions for the quarter came in at 1.23 million, representing a +21% year- over –year increase. The company’s overall operating income rose almost +29% to $194 million in the quarter.

Looking ahead, Euronet expects adjusted earnings per share for the fourth quarter to be around $1.61 (assuming foreign exchange to be stable).

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published in Blogs

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published in Blogs

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published in Blogs

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published in Blogs

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published in Blogs

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published in Blogs

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published in Blogs

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Abhoy Sarkar

published in Blogs

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