Global Payments: 2Q Earnings Snapshot

August 2, 2018

ATLANTA (AP) _ Global Payments Inc. (GPN) on Thursday reported second-quarter earnings of $109.1 million.

On a per-share basis, the Atlanta-based company said it had net income of 68 cents. Earnings, adjusted for amortization costs and stock option expense, came to $1.29 per share.

The results beat Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.

The electronics payment processing company posted revenue of $833.2 million in the period. Its adjusted revenue was $982.5 million, also topping Street forecasts. Ten analysts surveyed by Zacks expected $967.9 million.

Global Payments expects full-year earnings in the range of $5.05 to $5.20 per share, with revenue in the range of $3.9 billion to $3.98 billion.

Global Payments shares have risen 12 percent since the beginning of the year. The stock has risen 17 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPN at https://www.zacks.com/ap/GPN

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