Everi earnings per share in 15Q3 beats estimates

Everi Holdings reported earnings per share of $0.23 for the three months ended September 30, beating the consensus estimate of $0.18.

Everi, which completed the acquisition of Multimedia Games Holding Company by way of a merger in December 2014, earned $208.70 million during the quarter, compared to the consensus estimate of $204.99 million. 

The company’s revenue for the quarter was up 43.4 percent compared with the same quarter last year.

Everi Holdings traded up 1.42 percent on Tuesday, reaching $5.00. 

“Our third quarter results highlight the consistent growth we are now achieving in both our Games and Payments businesses, which on a combined pro forma basis resulted in a year-over-year increase in revenue and Adjusted EBITDA of approximately 7% and 9%, respectively,” said Ram V. Chary, president and CEO of Everi. 

“We achieved our third consecutive quarter of record gaming operations revenue. In addition, our Payments segment continues to generate growth driven primarily by an increase in ATM transactions and record demand for our integrated kiosks.”