SAN JUAN, Puerto Rico (AP) — SAN JUAN, Puerto Rico (AP) — Evertec Inc. (EVTC) on Wednesday reported second-quarter profit of $40.5 million.
On a per-share basis, the San Juan, Puerto Rico-based company said it had net income of 62 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 89 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.
The payment processing company posted revenue of $229.6 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $221.9 million.
Evertec expects full-year earnings in the range of $3.44 to $3.52 per share, with revenue in the range of $901 million to $909 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EVTC at https://www.zacks.com/ap/EVTC
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