I3 Verticals: Fiscal Q3 Earnings Snapshot
NASHVILLE, Tenn. (AP) _ I3 Verticals, Inc. (IIIV) on Monday reported a loss of $3.7 million in its fiscal third quarter.
The Nashville, Tennessee-based company said it had a loss of 17 cents per share. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, came to 37 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.
The company posted revenue of $80.6 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $76.8 million.
I3 Verticals expects full-year earnings in the range of $1.41 to $1.47 per share, with revenue in the range of $307 million to $317 million.