Euronet Worldwide ( (EEFT) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Euronet Worldwide’s stock faced unusual price movement despite reporting strong fourth-quarter financial results. The company exceeded revenue expectations with $1.05 billion, surpassing the forecasted $908.63 million. A 15% growth in adjusted EPS for the full year was driven by a 16% increase in operating income, thanks to robust revenue growth, scale, and effective cost management. The positive performance was underpinned by double-digit growth in international travel, merchant acquiring, and expansion into new markets. The Money Transfer segment’s digital transactions surged by 33%, and Epay saw growth in digital branded payments and mobile. However, increased interest and tax expenses were offset by share repurchases, showing resilience in the face of financial pressures.
More about Euronet Worldwide
YTD Price Performance: -6.60%
Average Trading Volume: 257,290
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.15B
For further insights into EEFT stock on TipRanks’ Stock Analysis page.
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