EVO Payments (EVOP) Tops Q4 EPS by 5c, Revenues Beat; Offers FY20 Revenue Guidance Below Consensus, FY20 EPS Mid-Point Views Below Consensus

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Go back to EVO Payments (EVOP) Tops Q4 EPS by 5c, Revenues Beat; Offers FY20 Revenue Guidance Below Consensus, FY20 EPS Mid-Point Views Below Consensus

EVO Reports Fourth Quarter and Year-End 2019 Results

February 27, 2020 7:01 AM EST

ATLANTA, Feb. 27, 2020 (GLOBE NEWSWIRE) -- EVO Payments, Inc. (NASDAQ: EVOP) (EVO or the Company) today announced its fourth quarter and year-end 2019 financial results.  For the fourth quarter ended December 31, 2019, reported revenue was $129.4 million, compared to $150.8 million in the prior year, which reflects the adoption of Accounting Standards Codification Topic 606, Revenue from Contracts with Customers (ASC 606), effective January 1, 2019.  As required for comparability purposes in the year of adoption, the Company also reports adjusted revenue to exclude network fees.  Adjusted revenue for the fourth quarter was $160.0 million, compared to $150.8 million in the prior year, an... More