Cardtronics Swings To Q3 Profit, Lifts 2014 Outlook - Quick Facts

(RTTNews) - Cardtronics, Inc. (CATM) Wednesday reported third-quarter net income attributable to controlling interests and available to common stockholders of $8.06 million or $0.18 per share, compared to a net loss of $8.41 million or $0.19 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $28.94 million or $0.64 per share, compared to $24.74 million or $0.55 per share in the year-ago quarter.

On average, seven analysts polled by Thomson Reuters expected the company to earn $0.62 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter improved 16 percent to $265.85 million from $228.82 million in the same quarter last year, while analysts expected revenues of $255.83 million.

Looking ahead to fiscal 2014, the company now expects adjusted earnings to be in the range of $2.31 to $2.34 per share and revenues between $1.04 billion and $1.05 billion. Analysts currently expect the company to report full-year earnings of $2.30 per share on revenues of $1.02 billion.

Earlier, the company expected adjusted earnings to be in the range of $2.28 to $2.32 per share and revenues between of $1.01 billion and $1.02 billion.

The company noted that the guidance now includes the estimated contribution from the Welch acquisition, completed in October 2014 and the Sunwin acquisition, which is expected to be completed in November of 2014.