LEAWOOD, Kan. (AP) — LEAWOOD, Kan. (AP) — Euronet Worldwide Inc. (EEFT) on Wednesday reported first-quarter profit of $37.5 million.
On a per-share basis, the Leawood, Kansas-based company said it had profit of 83 cents. Earnings, adjusted for non-recurring costs and stock option expense, were $1.58 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.
The electronic payments and transactions processor posted revenue of $1.01 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $962.5 million.
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