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BRIEF-Cardconnect Corp reports Q1 loss per share $0.09
May 10, 2017 / 11:44 AM / 4 months ago

BRIEF-Cardconnect Corp reports Q1 loss per share $0.09

May 10 (Reuters) - Cardconnect Corp:

* Cardconnect Corp Reports first quarter 2017 results

* Q1 adjusted pro forma earnings per share $0.05

* Q1 loss per share $0.09

* Q1 earnings per share view $0.06 -- Thomson Reuters I/B/E/S

* Cardconnect Corp qtrly revenue revenue of $156.7 million, a 20.5pct increase from $130.0 million in prior year period

* Cardconnect Corp qtrly bankcard volume of $6.0 billion, a 22.8pct increase from $4.9 billion in prior year period

* Cardconnect Corp - re-affirming its initial 2017 financial outlook, providing updated financial outlook that reflects transaction with Mertzco Inc

* Cardconnect Corp sees FY 2017 bankcard volume to be $26.7 billion to $27.2 billion

* Cardconnect Corp sees full-year 2017 revenue to be $686 million to $700 million, net revenue is expected to be $182 million to $185 million

* Cardconnect Corp - full-year 2017 adjusted ebitda is expected to be $45 million to $47 million

* Cardconnect Corp qtrly net revenue of $41.1 million, a 19.3 percent increase from $34.4 million in prior year period

* Q1 revenue view $156.0 million -- Thomson Reuters I/B/E/S

* FY2017 revenue view $697.1 million -- Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage:

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