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Global Payments: Q2 Earnings Snapshot
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ATLANTA (AP) — ATLANTA (AP) — Global Payments Inc. (GPN) on Wednesday reported second-quarter profit of $13 million.

The Atlanta-based company said it had profit of 5 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $3.46 per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.45 per share.

The electronics payment processing company posted revenue of $3.32 billion in the period. Its adjusted revenue was $3.16 billion, which fell short of Street forecasts. Nine analysts surveyed by Zacks expected $3.17 billion.

Global Payments expects full-year earnings in the range of $13.60 to $13.80 per share.

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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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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