Published on 6 May 2024 on Zacks via Yahoo Finance
Euronet (EEFT) Up 7% Since Q1 Earnings Beat on Money Transfer Unit
Shares of Euronet Worldwide, Inc. EEFT have gained 7.4% since it reported better-than-expected first-quarter 2024 results on Apr 30. The results received an impetus from strong revenue contributions from the EFT Processing, epay and Money Transfer segments. Solid growth in cross-border transactions and sustained demand for digital products aided performance. However, the upside was partly offset by a higher level of operating costs.
EEFT reported first-quarter adjusted earnings of $1.28 per share, which surpassed the Zacks Consensus Estimate by 28%. The bottom line soared 47% year over year.