Euronet Worldwide Posts Q3 Earnings Beat, Sees Q4 EPS Above Consensus
Portfolio Pulse from Lekha Gupta
Euronet Worldwide Inc (NASDAQ:EEFT) reported Q3 FY23 revenue growth of 8% Y/Y to $1,004.0 million, exceeding the consensus of $983.68 million. The company's EFT Processing Segment revenues increased by 8% Y/Y to $345.8 million, led by growth in the POS acquiring business and Asia. The company expects Q4 FY23 adjusted EPS of $1.75, higher than the consensus of $1.68. EEFT shares are trading higher by 3.38% at $79.55 premarket.
October 20, 2023 | 1:06 pm
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Euronet Worldwide Inc reported strong Q3 FY23 results, beating revenue consensus and expecting higher Q4 FY23 adjusted EPS. This positive news has led to a premarket increase in EEFT shares.
Euronet Worldwide Inc reported strong Q3 FY23 results, with revenue growth of 8% Y/Y and an increase in EFT Processing Segment revenues. The company also expects a higher Q4 FY23 adjusted EPS, which is above the consensus. This positive news has led to an increase in EEFT shares in premarket trading, indicating a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100