Why Cardtronics Jumped

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Cardtronics (NAS: CATM) have jumped today by as much as 11% after the company reported strong quarterly earnings.

So what: Revenue rose 38% to $191 million, much higher than the $171.4 million that investors were expecting. The bottom line also came in better than expected with a $0.38 per share profit. CEO Steve Rathgaber said the increase in tax refunds made on prepaid cards and subsequent ATM cash withdrawals were one factor boosting results.


Now what: On top of that, Cardtronics boosted its full year guidance, which helped send shares to all-time highs. The company raised its revenue target from a range of $735 million-$750 million to a new range of $755 million-$770 million. The bottom line is also predicted to be higher, in the ballpark of $1.58-$1.64 per share for the full year.

Interested in more info on Cardtronics? Add it to your watchlist byclicking here.

At the time this article was published Fool contributorEvan Niuholds no position in any company mentioned.Click hereto see his holdings and a short bio. The Motley Fool has adisclosure policy. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.

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