[ad_1]
GPN of global payments,
beat profit and revenue forecast on Monday while increasing its forecast for the full year. The company posted net income of $ 263.6 million, or 89 cents per share, compared to $ 37.3 million, or 12 cents per share, in the previous year quarter. On an adjusted basis, Global Payments earned $ 2.04 per share, up from $ 1.31 per share a year earlier and before the FactSet consensus, which predicted $ 1.90 per share. Global Payments posted revenue of $ 2.14 billion, up from $ 1.67 billion a year earlier. Analysts tracked by FactSet expected $ 2.03 billion in GAAP revenue. The company now expects full-year adjusted earnings per share of $ 8.07 to $ 8.20, up from earlier expectations of $ 7.87 to $ 8.07. “Our business accelerated significantly in the second quarter of 2021, demonstrating significant continued momentum,” Managing Director Jeff Sloan said in a statement. The company increased its share buyback authorization to $ 1.5 billion. Global Payments shares were up 0.9% in pre-market on Monday. They have fallen 9.9% in the past three months as the S&P 500 SPX,
increased 5.1%.
Source link
