Euronet's Money Transfer Business Moderates in the Second Quarter

ATM transactions, remittances, and digital media resale giant Euronet Worldwide (NASDAQ: EEFT) revealed solid results in each of its major segments in its second-quarter 2019 earnings scorecard, issued before the markets opened on Wednesday. The company also managed double-digit top-line growth and posted adjusted earnings per share of $1.69, meeting its own projected earnings target to the penny.

After a scorching 60% year-to-date rise in Euronet shares, investors appeared to indulge in a bit of profit-taking following the healthy if not record-breaking report: Shares opened down in Wednesday's trading session. As we discuss details from the quarter below, note that all comparable numbers refer to the prior-year quarter.

EPS = earnings per share. Data source: Euronet Worldwide.

Continue reading

Quelle Fool.com