Net 1 UEPS Technologies Inc (UEPS) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Net 1 UEPS Technologies Inc (UEPS) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.43 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.44. The company posted revenue of $134.70 million in the period, compared to analysts expectations of $139.02 million. The company’s revenue was down -10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.

Net 1 UEPS Technologies Inc closed down -0.28 points or -2.46% at $11.09 with 4,12,298 shares getting traded on Wednesday. Post opening the session at $11.28, the shares hit an intraday low of $10.9 and an intraday high of $11.39 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Sep 17, 2015, Phil-hyun Oh (President of KSNET) sold 1,604 shares at $17.66 per share price. According to the SEC, on Sep 17, 2015, Alasdair Jonathan Kemsley Pein (director) sold 4,332 shares at $17.66 per share price. On Sep 17, 2015, Paul Edwards (director) sold 4,149 shares at $17.66 per share price, according to the Form-4 filing with the securities and exchange commission.

Net 1 UEPS Technologies Inc. is South Africa-based a provider of payment solutions and transaction processing services across a range of industries and in various geographies. The Company operates in four segments: Smart card accounts International transaction-based activities financial services and Hardware software and related technology sales. The Company’s UEPS technology includes functionality that allows Transparent and automatic recovery of transactions Transaction cancellation; Refunds; Multiple audit trails; Offline loading and spending; Biometric identification; Continuous debit; Multiple wallets; Morphing of other common payment systems such as the EuroPay MasterCard and Visa global standard (EMV); Automatic credit; Automatic debit; Interest calculations; among others.

Net 1 UEPS Technologies Inc

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