Cardtronics: 2Q Earnings Snapshot

Associated Press
Updated ·1 min read

HOUSTON (AP) _ Cardtronics Inc. (CATM) on Thursday reported a second-quarter loss of $1.9 million, after reporting a profit in the same period a year earlier.

The Houston-based company said it had a loss of 4 cents per share. Earnings, adjusted for one-time gains and costs, came to 13 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The ATM operator posted revenue of $233.2 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $230.7 million.

Cardtronics shares have dropped 46% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $24.25, a fall of 27% in the last 12 months.

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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 CATM at https://www.zacks.com/ap/CATM