EVERTEC, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 04:05 pm EDT
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EVERTEC, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 167.08 million compared to USD 160.57 million a year ago. Net income was USD 28.16 million compared to USD 33.59 million a year ago. Basic earnings per share from continuing operations was USD 0.43 compared to USD 0.47 a year ago. Diluted earnings per share from continuing operations was USD 0.43 compared to USD 0.47 a year ago.
For the six months, sales was USD 326.89 million compared to USD 310.82 million a year ago. Net income was USD 58.21 million compared to USD 72.49 million a year ago. Basic earnings per share from continuing operations was USD 0.9 compared to USD 1.01 a year ago. Diluted earnings per share from continuing operations was USD 0.89 compared to USD 1 a year ago.
EVERTEC, Inc. is a transaction processing company. The Company provides a range of merchant acquiring, payment processing and business process management services. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. As of December 31, 2016, it managed a system of electronic payment networks that processed over two billion transactions annually. It offers a range of services for core bank processing, cash processing and technology outsourcing. It owns and operates the ATH network, which is a personal identification number (PIN) debit network in Latin America. It serves a range of financial institutions, merchants, corporations and government agencies with solutions that enable them to issue, process and accept transactions securely. The Company's range of services spans the entire transaction processing value chain and includes a range of front-end customer-facing solutions.
EVERTEC, INC. 
