Euronet reports Q3 adjusted EPS $3.62 vs. $3.03 last year

Reports Q3 revenue $1.15B, consensus $1.14B. “Euronet’s (EEFT) commitment to innovation and global expansion continues to drive our success with recent Ren deployments, Dandelion sales momentum and the pending acquisition of CoreCard – all accelerating our digital transformation. Through Dandelion, we’re enhancing Euronet’s global money network with stablecoin innovation – which will enable businesses and consumers to move value seamlessly between digital assets and local fiat currencies. Our on- and off-ramp capabilities will make stablecoins practical, connecting blockchain digital assets to real-world payments liquidity in over 200 countries.” said Michael Brown Euronet’s chairman and CEO. “While we anticipated more robust revenues in the quarter, we’ve seen stronger economic and immigration pressure across the globe. Nonetheless, with 19% third quarter adjusted earnings per share growth, together with expectations for a similarly strong fourth quarter earnings finish, we are well positioned to deliver earnings in line with our previously provided adjusted earnings per share growth range of 12% to16% year-over-year.”