Everi Holdings: 1Q Earnings Snapshot
Posted Jun 2, 2020 3:04 pm.
Last Updated Jun 2, 2020 3:14 pm.
This article is more than 5 years old.
LAS VEGAS (AP) _ Everi Holdings Inc. (EVRI) on Tuesday reported a first-quarter loss of $13.5 million, after reporting a profit in the same period a year earlier.
The Las Vegas-based company said it had a loss of 16 cents per share. Losses, adjusted to extinguish debt, were 9 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.
The cash access products company posted revenue of $113.3 million in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $116.4 million.
Everi Holdings shares have fallen 50% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.70, a decrease of 41% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EVRI at https://www.zacks.com/ap/EVRI
The Associated Press
