Global Payments Earnings: Here’s Why Investors are Excited Now
Global Payments Inc. (NYSE:GPN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4%.
Global Payments Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 14.94% to $1.00 in the quarter versus EPS of $0.87 in the year-earlier quarter.
Revenue: Rose 6.68% to $629.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Global Payments Inc. reported adjusted EPS income of $1.00 per share. By that measure, the company beat the mean analyst estimate of $0.95. It beat the average revenue estimate of $623.79 million.
Quoting Management: Chairman Paul R. Garcia said, “We delivered strong first quarter results reflecting solid performance in North America and Europe. We continue to focus on expanding our global market position and driving our strategic initiatives forward.”
Key Stats (on next page)…