Qiwi PLC (QIWI) Releases Earnings Results, Beats Expectations By $2.85 EPS

Qiwi PLC (QIWI) reported quarterly earnings results on Thursday, Aug-11-2016. The company said it had a profit of $21.02 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $2.85. Analysts had a consensus of $18.17. The company posted revenue of $2619.00 million in the period, compared to analysts expectations of $2585.50 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $18.40 EPS.

Qiwi PLC opened for trading at $12.4 and hit $12.57 on the upside on Monday, eventually ending the session at $12.54, with a gain of 2.87% or 0.35 points. The heightened volatility saw the trading volume jump to 3,88,114 shares. Company has a market cap of $758 M.

QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical online and mobile channels. Its consumers can use cash stored value and other electronic payment methods to order and pay for goods and services across physical or virtual environments interchangeably. The Company operates in and target markets and consumer segments. It provides an integrated network of physical and virtual wallets and payment channels that enable consumers to deposit cash convert it into a digital form and remit the funds to a virtual wallet a variety of Visa-branded prepaid cards or any merchant in its network. The consumers access the Company’s payment network through two primary channels such as physical distribution represented by its kiosks and terminals and virtual distribution represented by its online product that it operates under the Visa Qiwi Wallet brand.

Qiwi PLC

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