CPI Card Group, Inc. (PMTS) Tops Q2 EPS by 35c, Revenues Miss

CPI Card Group, Inc. (NASDAQ: PMTS) reported Q2 EPS of $0.10, $0.35 better than the analyst estimate of ($0.25). Revenue for the quarter came in at $61.5 million versus the consensus estimate of $63.06 million.

Scott Scheirman, President and Chief Executive Officer of CPI, stated, “We are pleased with our second quarter results, which include 12% year-over-year revenue growth driven by strong performance in Prepaid and growth of our emerging products and solutions. We are tracking in line with our business plan through the first half of 2018. During the second quarter, we continued to expand relationships with new and existing customers by executing on our strategic priorities of deep customer focus, providing market-leading quality products and customer service, a market competitive business model and continuous innovation. At the same time, we made an important strategic move to sharpen our focus on our core customers, markets, products and solutions by selling our U.K. business.”

For earnings history and earnings-related data on CPI Card Group, Inc. (PMTS) click here.

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