Russian payment services provider Qiwi PLC QIWI reported Thursday that its first-quarter revenue increased 31 percent to 5.367 million rubles ($82.9 million).
Earnings per share of 33 cents beat a 27-cent consensus estimate.
Qiwi stock was trading higher by 7.04 percent at $14.60 per share at the time of publication Thursday.
Net revenue in the payments services segment jumped by 32 percent to 4.836 million rubles, the company said.
Qiwi updated its full-year guidance, projecting a 9-15-percent increase in total adjusted net revenue over 2018 and a 40-50-percent year-over-year increase in adjusted net profit.
"This quarter we continue to demonstrate strong performance, especially in our Payment Services business, which delivered 32% segment net revenue growth and 35% segment net profit growth," CEO Sergey Solonin said in a statement.
Related Links:
Western Union Analysts Review Q1 Miss; Mizuho Calls Stock 'Value Trap'
Visa Buys Payment Services Company Earthport In Deal 'Modernizing The Way We Move Money'
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
