Euronet Strengthens Q3 Earnings, Revenue

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Euronet Worldwide Inc.  posted  $14.6 million, or 28 cents per share, net earnings for the third quarter of 2012, in contrast to the loss of $3.2 million, or 6 cents a share, during the third quarter of 2011.

The Leawood, Kan., -based global provider of electronic payment services. reported $316.4 million in third-quarter revenue, compared with $299.5 million during the same period last year.

The company’s epay segment, their largest money-maker, took a hit. The division dropped 6 percent  in revenue when foreign currency was taken into account. The epay unit processes electronic transactions from mostly prepaid mobile service.

Euronet’s stock closed at $19.33 Wednesday, up four cents from Tuesdays close.

 


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