Euronet Worldwide has reported a net income of $35m for the third quarter of 2014, a 26.9% decrease compared to $47.9m for the same period of 2013.

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Revenues for the third quarter rose 26% to $453.4m from $360.6m a year ago.

The company has reported an operating income of $50.7m for the third quarter of 2014, an 8% decrease compared to $55.3m for the same period last year.

Michael Brown, chairman and CEO of Euronet, said: "Our third quarter earnings exceeded our expectations, underscored by a new record quarterly adjusted cash EPS of $0.80, a 43% year-over-year increase.

"All three segments contributed to the consolidated double-digit growth across revenue and earnings. EFT’s third quarter benefited from seasonally higher transactions made possible by a continued focus on ATM and product expansion.

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