Verra Mobility shares jump after revenue beat and raised guidance By Investing.com
Update: 2025-10-30
Description
Verra Mobility exceeded expectations in its Q3 earnings, with a 5% stock price increase and adjusted earnings of 37 cents per share. Revenue surged by 16% due to NYC's red-light camera program expansion. Government Solutions segment led with a 28% revenue jump, while Commercial Services and Parking Solutions added 7% each. The company raised its full-year revenue guidance and authorized an additional $150M for share repurchases, signaling confidence in its shares. Net income rose to $46.8M, and adjusted EBITDA reached $113M, though the margin slipped to 43%.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
