MALVERN, Pa. (AP) — MALVERN, Pa. (AP) — Cantaloupe, Inc. (CTLP) on Tuesday reported fiscal fourth-quarter profit of $2.2 million.
The Malvern, Pennsylvania-based company said it had net income of 3 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The electronic payment and wireless networking company posted revenue of $72.7 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $76.1 million.
For the year, the company reported profit of $12 million, or 15 cents per share. Revenue was reported as $268.6 million.
Cantaloupe expects full-year revenue in the range of $308 million to $322 million.
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