Euronet Stock Up 2.5% Despite Q3 Earnings Miss on High Costs

Shares of Euronet Worldwide, Inc. (EEFT) have gained 2.5% since it reported third-quarter 2024 results on Oct. 23. Despite an earnings miss, the quarterly results benefited on the back of robust growth in high-volume low-value transactions in India, strong cross-border and direct-to-consumer digital transaction growth in the Money Transfer segment and expanding merchant services business. However, the upside was partly offset by inflationary pressures, rising operating expenses and adversities on the epay s ...