Evertec: Fourth Quarter Earnings Overview

Evertec Inc. Reports Strong Fourth Quarter Results

Evertec Inc., headquartered in San Juan, Puerto Rico, announced a net income of $35.6 million for the fourth quarter.

The company’s earnings translated to $0.56 per share. After adjusting for one-time expenses and stock-based compensation, adjusted earnings reached $0.93 per share.

These results surpassed analysts’ expectations, as the consensus from four Zacks Investment Research analysts had projected earnings of $0.91 per share.

During the quarter, Evertec generated $244.8 million in revenue, outperforming the anticipated $237 million forecasted by analysts surveyed by Zacks.

For the full year, Evertec reported a total profit of $141.6 million, or $2.20 per share, with annual revenue amounting to $931.8 million.

Looking ahead, the company anticipates earnings for the upcoming year to fall between $3.84 and $3.96 per share, with projected revenue ranging from $1.02 billion to $1.04 billion.