Evertec: Q1 Earnings Snapshot
By AP News
Published - Apr 26, 2023, 04:27 PM ET
Last Updated - Jun 22, 2023, 03:24 AM EDT
SAN JUAN, Puerto Rico (AP) — SAN JUAN, Puerto Rico (AP) — Evertec Inc. (EVTC) on Wednesday reported first-quarter earnings of $30.1 million.
On a per-share basis, the San Juan, Puerto Rico-based company said it had net income of 46 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 69 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.
The payment processing company posted revenue of $159.8 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $152.2 million.
