Verra Mobility (VRRM) Tops Q3 EPS by 14c, Revenues Beat

Verra Mobility (NASDAQ: VRRM) reported Q3 EPS of $0.22, $0.14 better than the analyst estimate of $0.08. Revenue for the quarter came in at $128.2 million versus the consensus estimate of $118.6 million.

"We are very pleased with the company's performance in the third quarter, with financial results that exceeded expectations across the organization," said David Roberts, Chief Executive Officer, Verra Mobility. "A year ago, Verra Mobility went public, and we've had a phenomenal first year. We grew our Commercial Services segment by growth in tolling usage while continuing our focus on European expansion and the Government Solutions segment by implementing smart city innovation initiatives like New York City's school zone expansion. All these efforts are increasing the company's value proposition to its customers."

For earnings history and earnings-related data on Verra Mobility (VRRM) click here.

You May Also Be Interested In

• 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
• United Community Banks sells equipment finance unit for $1.9 billion
• Restoration Hardware (RH) PT Raised to $130 at Stifel After Q1 Earnings