Evertec: Q1 Earnings Snapshot
SAN JUAN, Puerto Rico (AP) _ Evertec Inc. (EVTC) on Thursday reported first-quarter profit of $38.9 million.
On a per-share basis, the San Juan, Puerto Rico-based company said it had profit of 53 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 70 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The payment processing company posted revenue of $150.2 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $146.3 million.
Evertec expects full-year earnings in the range of $2.52 to $2.60 per share, with revenue in the range of $597 million to $605 million.