CPI Card Group, Inc. (PMTS) Misses Q3 EPS by 6c, Revenues Beat
CPI Card Group, Inc. (NASDAQ: PMTS) reported Q3 EPS of $0.00, $0.06 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $71 million versus the consensus estimate of $64.69 million.
Scott Scheirman, President and Chief Executive Officer of CPI, stated, “We are pleased with our third quarter results, and we are performing well relative to our objectives for the first nine months of 2018. Our third quarter financial and operating performance is highlighted by 16% year-over-year net sales growth driven by double-digit net sales growth across both our U.S. Debit and Credit and Prepaid segments, growth of EMV card volumes, and continued momentum in our emerging products and solutions. The execution of our strategic priorities of deep customer focus, providing market-leading quality products and customer service, a market competitive business model and continuous innovation, is enabling us to strengthen our customer relationships and win new business.”
For earnings history and earnings-related data on CPI Card Group, Inc. (PMTS) click here.
