Euronet earnings rise 33 percent

04/30/2014 3:15 PM

04/30/2014 3:15 PM

Earnings climbed 33 percent in the first three months of this year at Euronet Worldwide Inc., the Leawood company said Wednesday.

Profits totaled $16 million, or 30 cents a share, compared with $12 million, or 24 cents a share, in the same quarter a year ago.

The increase came on a 5.2 percent climb in revenue, which reached $353.3 million during the three months.

Euronet reported

higher earnings in its electronic funds processing and money transfer businesses but a slight decline in its Epay segment.

Euronet recently announced a deal to provide money transfer services in Wal-Mart stores in the U.S.

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