Euronet Worldwide's ATM Network Again Provides the Catalyst for Earnings Growth

Electronic payments provider Euronet Worldwide (NASDAQ: EEFT) posted double-digit revenue expansion for the second straight quarter, as its third-quarter 2017 earnings report, filed late Thursday evening, revealed. And similar to the second quarter, outsize growth in the EFT (electronic fund transfer) processing segment propelled Euronet's overall success.

Data source: Euronet Worldwide.

After reporting a 36% revenue increase in its last sequential quarter (Q2 2017), Euronet's EFT processing segment turned in even better performance in its most recent three months, raising its top line by 48% over the prior-year period, to $226.3 million. The segment's operating income rose 46% to $86.8 million.

Source: Fool.com