QIWI plc (QIWI) Tops Q2 EPS by 2c; Lifts Outlook

QIWI plc (NASDAQ: QIWI) reported Q2 EPS of $0.41, $0.02 better than the analyst estimate of $0.39. Revenue for the quarter came in at $62.8 million versus the consensus estimate of $54.37 million.

"Our second quarter results continued to be very strong," said Sergey Solonin, QIWI's chief executive officer. "Solid financial performance demonstrates that we proceed to execute our strategy and gain market share in the fast-growing payments markets we serve. Moreover, this quarter we have introduced new Visa Qiwi Wallet interface driving the adoption and increasing the utilization of our services. We will continue to focus on our core market segments and execute our strategy."

2014 Guidance

QIWI is upgrading its 2014 outlook as compared to its previously announced outlook:

• Total Adjusted Net Revenue is expected to increase by 30% to 32% over 2013
• Adjusted Net Profit is expected to increase by 36% to 38% over 2013

For earnings history and earnings-related data on QIWI plc (QIWI) click here.

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