MALVERN, Pa. (AP) — MALVERN, Pa. (AP) — Cantaloupe, Inc. (CTLP) on Thursday reported fiscal second-quarter net income of $3.1 million.
The Malvern, Pennsylvania-based company said it had net income of 4 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The electronic payment and wireless networking company posted revenue of $65.4 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $66.9 million.
Cantaloupe expects full-year revenue in the range of $275 million to $285 million.
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