MALVERN, Pa. (AP) — MALVERN, Pa. (AP) — Cantaloupe, Inc. (CTLP) on Wednesday reported fiscal fourth-quarter net income of $2.8 million.
On a per-share basis, the Malvern, Pennsylvania-based company said it had net income of 4 cents.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The electronic payment and wireless networking company posted revenue of $64.2 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $63.4 million.
For the year, the company reported profit of $633,000. Revenue was reported as $243.6 million.
Cantaloupe expects full-year revenue in the range of $275 million to $285 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTLP at https://www.zacks.com/ap/CTLP