Why Shares of Cardtronics Dropped Today

Shares of ATM operator Cardtronics (NASDAQ: CATM) slumped on Thursday despite a positive second-quarter report. Cardtronics beat analyst estimates for both revenue and earnings, but it wasn't enough to keep the stock from falling 12.5% by 3:15 PM.

Cardtronics reported second-quarter revenue $385.1 million, up 19% year over year and about $6 million higher than the average analyst estimate. The growth was driven by the acquisitions of DCPayments and Spark, both of which were completed in January.

Image source: Cardtronics.

Source: Fool.com