Profits Soar by 202.13 %, Sales Lower

Despite soft demand in the second quarter 2019, company managed to increase it's earnings per share, earnings per share more than doubled by 202.13 % to $1.42 per share while Sales fell by -5 % to $1.34 billions, year on year.

Looking into results from previous quarter Sales increased by 0.26 % from $1.34 billions and eps more than doubled by 264.1 % from $0.39 per share.
Sales fell at CC Transaction fees -6.13%, CC Foreign exchange revenue -64.92%, CC Other revenues -11.83%, Total Consumer to Consumer -19.42%, CB Foreign exchange revenue -93.64%, while revenue growth was achieved at CB Transaction fees +1000%, Total Consumer to Business +6.38%.


Consumer to Consumer segment was responsible for the bad news, slipping into red by $-2.7 millions, while a year ago, profits were $286.1 millions.
Net income of $615 millions in the second quarter 2019 increased by 182.54 % from net earnings of $218 millions reported in the second quarter 2019 a year ago. Although operating margin fell to 19.31%, in the second quarter 2019, the company's net margin actually improved to 45.86%. Company has decreased it's eps guidance, by $-0.05 to the new range between $1.55 and $ 1.62, while company see it's Sales estimates at $5,327 millions.
segment have widen the loss. 1 Consumer to Consumer segment has slipped into deficit.