Global Payments: 2Q Earnings Snapshot
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.