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What: Shares of Cardtronics
So what: The world's largest retail ATM owner put up revenue of $165.1 million and third-quarter earnings per share of $0.39. The market was expecting $159.8 million in sales and earnings of $0.37 per share, allowing Cardtronics to register a top- and bottom-line beat.
Now what: Going forward, Cardtronics issues upbeat guidance for its fiscal 2011, forecasting sales of $615 million to $620 million and earnings between $1.35 and $1.38 per share, beating consensus estimates. Total transactions per ATM rose by 17% while operating gross profit per ATM increased by 9%. The company has been aggressively growing its footprint, adding more than 600 new ATM locations, while also recently acquiring other ATM operators like Access to Money, EDC, and Canadian operator Mr. Cash.
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Fool contributor Evan Niu holds no position in any company mentioned. Check out his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.