EVERTEC reported second-quarter revenue of US$274.82 million while net income fell sharply to US$5.41 million, and the company raised its full-year revenue and GAAP EPS guidance alongside expanding its share repurchase authorization to US$150 million. The company highlighted stronger Latin American payments growth, new multiyear agreements in Chile and Mexico, and recent Brazilian technology acquisitions as key drivers of its evolving business mix. Despite the profit decline, management signaled confidence through the larger buyback and a steady dividend, even as the shares recorded a 1.85% seven-day decline. The upgraded full-year outlook shapes EVERTEC's investment narrative, though integration costs, interest expense, and mix shifts continue to pressure GAAP earnings.
Evertec IncRaises full-year guidance and expands buyback to $150M, signaling confidence despite profit drop.
