Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Cardtronics
So what: Revenue rose 38% to $191 million, much higher than the $171.4 million that investors were expecting. The bottom line also came in better than expected with a $0.38 per share profit. CEO Steve Rathgaber said the increase in tax refunds made on prepaid cards and subsequent ATM cash withdrawals were one factor boosting results.
Now what: On top of that, Cardtronics boosted its full year guidance, which helped send shares to all-time highs. The company raised its revenue target from a range of $735 million-$750 million to a new range of $755 million-$770 million. The bottom line is also predicted to be higher, in the ballpark of $1.58-$1.64 per share for the full year.
Interested in more info on Cardtronics? Add it to your watchlist by clicking here.
Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.