Cardtronics Earnings: Everything You Must Know Now
Cardtronics Inc. (NASDAQ:CATM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Cardtronics Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 28.95% to $0.49 in the quarter versus EPS of $0.38 in the year-earlier quarter.
Revenue: Rose 8.31% to $207.98 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Cardtronics Inc. reported adjusted EPS income of $0.49 per share. By that measure, the company beat the mean analyst estimate of $0.42. It beat the average revenue estimate of $207.7 million.
Quoting Management: “Our second quarter was highlighted by strong adjusted earnings per share growth of 29%, which was fueled by organic revenue growth and margin expansion,” commented Steve Rathgaber, chief executive officer. “Our margin expansion is the result of continued cost synergy realization from recent acquisitions, leveraging our organic revenue growth and significant profitability improvement in our United Kingdom operations.”
Key Stats (on next page)…