Global Cash Access Holdings Earnings: Everything You Must Know Now
Global Cash Access Holdings, Inc. (NYSE:GCA) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 1.36%.
Global Cash Access Holdings, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 5% to $0.19 in the quarter versus EPS of $0.20 in the year-earlier quarter.
Revenue: Decreased 2.81% to $146.82 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Global Cash Access Holdings, Inc. reported adjusted EPS income of $0.19 per share. By that measure, the company missed the mean analyst estimate of $0.19. It missed the average revenue estimate of $149.21 million.
Quoting Management: “We are pleased with our first quarter 2013 results as they were right on target to meet our full year 2013 guidance expectations. We are also excited about the momentum of our kiosk business, where its performance and sales pipeline continue to improve. Our team continues to stay focused on product development with a goal of providing our customers the most complete cash access delivery system available in the marketplace,” said David Lopez, President and CEO of GCA.
Key Stats (on next page)…