CPI Card Group, Inc. (PMTS) Misses Q2 EPS by 1c

CPI Card Group, Inc. (NASDAQ: PMTS) reported Q2 EPS of $0.05, $0.01 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $73.7 million versus the consensus estimate of $69.45 million.

“Our second quarter results were in-line with expectations and consistent with the guidance we provided in May of this year. Although EMV® chip card sales were down in the quarter, we continue to be optimistic about the on-going EMV conversion within the U.S. financial card market, as well as the increasing demand for card personalization and other value-added services,” said Steve Montross, president and chief executive officer of CPI Card Group. “Despite the decline in net sales and net income, the business generated strong free-cash flow allowing us to return $8.6 million to shareholders through dividends and share repurchases while also improving liquidity.”

GUIDANCE:

CPI Card Group, Inc. sees FY2016 EPS of $0.50-$0.53. CPI Card Group, Inc. sees FY2016 revenue of $335-345 million.

For earnings history and earnings-related data on CPI Card Group, Inc. (PMTS) click here.

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