Net Income Declines AtCardtronics
HOUSTON - (09/13/05) -- Cardtronics Inc., operator of theworld's largest fleet of ATMs, said earnings dipped to $200,000 forits fiscal second quarter, from $800,000 for the same period lastyear, even as revenues almost doubled to $69.2 million. Thedoubling in revenues was due to last year's acquisition of 12,700ATMs from eFunds, giving Cardtronics 26,000 ATMs, far more thanBank of America's 15,000. The decline in net income in the secondquarter was due mostly to increased financing costs associated withthe eFunds deal. For the first six months of the fiscal yearCardtronics reported a near doubling in revenue to $127.5 million,and a doubling in net income to $2.1 million.