NYSE:EVTCDiversified Financial
EVERTEC (EVTC) Stock Revenue Surge Clashes With Profit Drop
EVERTEC stock slipped about 4% to US$31.31 today, even though the headline numbers looked solid at first glance. Revenue for the June quarter landed around US$274.8m and adjusted earnings per share reached US$1.05, which put fresh numbers behind the company’s push across payment processing and software in Puerto Rico and Latin America.
The short term reaction is now clear. The real question for investors is how this quarter’s mix of higher revenue and only slightly softer adjusted EBITDA...