Verra Mobility (VRRM) Misses Q4 EPS by 2c, Revenues Beat

Verra Mobility (NASDAQ: VRRM) reported Q4 EPS of ($0.01), $0.02 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $100.2 million versus the consensus estimate of $92.76 million.

"We are pleased with our execution throughout this challenging year and we ended 2020 on a high note with a solid quarter. Additionally, we are incredibly excited about the strategic acquisition of Redflex and the value it will add to our Government Solutions segment," said David Roberts, Chief Executive Officer, Verra Mobility. "As the pandemic's effect on the global economy subsides, we believe our balanced product portfolio and long-term smart city innovation initiatives give us the ability to maintain momentum throughout 2021 and support our vision to be the global leader in smart transportation."

For earnings history and earnings-related data on Verra Mobility (VRRM) click here.

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