ATLANTA (AP) — ATLANTA (AP) — Global Payments Inc. (GPN) on Wednesday reported first-quarter earnings of $313.3 million.
The Atlanta-based company said it had net income of $1.22 per share. Earnings, adjusted for one-time gains and costs, were $2.59 per share.
The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.57 per share.
The electronics payment processing company posted revenue of $2.42 billion in the period. Its adjusted revenue was $2.18 billion, also exceeding Street forecasts. Eleven analysts surveyed by Zacks expected $2.17 billion.
Global Payments expects full-year earnings in the range of $11.54 to $11.70 per share, with revenue in the range of $9.17 billion to $9.3 billion.
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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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