Evertec (EVTC) Tops Q3 EPS by 23c
Evertec (NYSE: EVTC) reported Q3 EPS of $0.65, $0.23 better than the analyst estimate of $0.42. Revenue for the quarter came in at $136.5 million versus the consensus estimate of $119.94 million.
Mac Schuessler, President and Chief Executive Officer stated, “In the third quarter, we delivered strong results as we benefited from businesses re-opening in Puerto Rico as well as the implementation of new client contracts. Additionally, we continued to grow our contactless payment solution in Puerto Rico and expanded our gateway product in Latin America to further accelerate the consumer preference for digital solutions.\"
Due to the evolving environment and continued uncertainties resulting from the economic impact globally of the COVID-19 pandemic, the Company is not providing guidance for 2020.
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