LEAWOOD, Kan. - Euronet Worldwide (Nasdaq: EEFT) reported earnings of $4.4 million, or 13 cents a share, for the quarter that ended June 30. That compares with a loss of $2.8 million, or 10 cents a share, for the same period last year.
Revenue for the quarter totaled $87 million, up 81 percent from $48.1 million in 2003's second quarter.
The EFT Processing Segment posted revenue of $18 million, up from $12.2 million in 2003's second quarter. The segment processed 54.1 million transactions in the latest quarter, compared to 27.1 million transactions for the same period last year. The segment completed the quarter with 5,097 ATMs owned or operated, compared to 3,120 ATMs at the end of 2003's second quarter 2003.
The company attributed the segment's improved earnings to continued growth in ATMs under management, primarily in India, Poland and Romania, together with transactional growth from those ATMs. Euronet owns and/or operates ATMs in Hungary, Poland, Germany, Croatia, the Czech Republic, the UK, Greece, Romania, Slovakia, Kosovo, India and Egypt.
The Prepaid Processing Segment reported revenue of $65.6 million, compared to $32.2 million reported for 2003's second quarter. The segment processed 54.6 million transactions, compared to 22.8 million prepaid transactions processed in 2003's second quarter.
Euronet reported $3.4 million in revenue in its Software Solutions Segment, compared to $3.8 million in revenues for 2003's second quarter. The Corporate and Other Segment had $2.4 million of expenses in the latest quarter, compared to $1.5 million for the second quarter of 2003.
