QIWI plc (QIWI) Tops Q3 EPS by 6c

QIWI plc (NASDAQ: QIWI) reported Q3 EPS of $0.33, $0.06 better than the analyst estimate of $0.27. Revenue for the quarter came in at $42.1 million versus the consensus estimate of $40.5 million.

2016 Guidance2

QIWI reiterates its guidance in respect of 2016 Adjusted Net Revenue and Adjusted Net Profit outlook:

• Total Adjusted Net Revenue is expected to increase by 2% to 5% over 2015
• Adjusted Net Profit is expected to increase by 5% to 10% over 2015

The overall macroeconomic conditions continue to adversely affect the purchasing power of Russian population as decreasing real wages put pressure on the disposable income. This in turn leads to the overall decrease in consumer spending and consequently our payment volumes.

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

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