
What happened?
Shares of payment processing company EVERTEC (NYSE: EVTC) jumped 9.9% in the afternoon session after the company reported a 24% increase in third quarter 2026 revenue and raised its full-year guidance.
According to the company's release, revenue was $283.0 million, helped by recent acquisitions and higher payment volume, including in Latin America. Adjusted earnings were $1.07 a share. Evertec raised its full-year forecast to revenue of $1.088 billion to $1.096 billion and adjusted earnings of $4.00 to $4.08 a share.
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What is the market telling us
EVERTEC’s shares are not very volatile and have only had 9 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was 12 months ago when the stock gained 6.2% on the news that the stock's positive momentum continued as the company reported earnings results that topped analyst estimates.
The business services provider posted earnings of $0.92 per share for the quarter, which was $0.03 better than the consensus forecast of $0.89.
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