Evertec (EVTC) Reports In-Line Q1 EPS, Revenues Beat; Suspends FY20 Financial Outlook

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Go back to Evertec (EVTC) Reports In-Line Q1 EPS, Revenues Beat; Suspends FY20 Financial Outlook

EVERTEC Reports First Quarter 2020 Results

May 8, 2020 8:00 AM EDT

Suspends Annual Guidance

SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- EVERTEC, Inc. (NYSE: EVTC) (Evertec or the Company) today announced results for the first quarter ended March 31, 2020.

First Quarter 2020 Highlights

Revenue grew 3% to $121.9 million GAAP Net Income attributable to common shareholders was $22.2 million or $0.30 per diluted share Adjusted EBITDA decreased 2% to $56.3 million Adjusted earnings per common share was $0.46, a decrease of 8%

Mac Schuessler, President and Chief Executive Officer stated, First and foremost, we want... More