NEW YORK (TheStreet) -- Shares of Cardtonics (CATM - Get Report) closed up 4.4% to $34.50 on Friday after the ATM maker beat analysts' estimates for earnings in the third quarter.

On Thursday, Cardtonics reported earnings of 82 cents a share for the third quarter, beating analysts' estimates of 74 cents a share for the quarter. Revenue grew 17.2% year over year to $311.4 million for the quarter, above analysts' estimates of $304.67 million for the quarter.

"I am pleased with yet another quarter of strong execution in our core business, with revenues up 21 percent on a currency-adjusted basis and adjusted EPS up an impressive 28 percent," CEO Steve Rathgaber said in a statement. "This was accomplished alongside the completion of two M&A transactions the acquisition of Columbus Data Services and the disposal of a non-core portion of our U.K. cash-in-transit operation in early July."

About 1 million shares of Cardtronics were traded in regular trading hours Friday, above the company's average trading volume of about 329,000 shares a day.

TheStreet Ratings team rates CARDTRONICS INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

We rate CARDTRONICS INC (CATM) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and poor profit margins.

You can view the full analysis from the report here: CATM

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