LAS VEGAS (AP) _ Everi Holdings Inc. (EVRI) on Wednesday reported first-quarter net income of $20.5 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Las Vegas-based company said it had profit of 21 cents.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The cash access products company posted revenue of $139.1 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $123.6 million.
Everi Holdings shares have risen 29% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $17.79, nearly quadrupling 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
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