Global Payments (GPN) Reports Q1 EPS of $0.86; Boosts Outlook

October 5, 2016 7:00 AM EDT

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Global Payments (NYSE: GPN) reported Q1 EPS of $0.86, versus $0.79 reported last year. Revenue for the quarter came in at $939.5 million, versus $748.8 million reported last year.

Fiscal 2017 Outlook

“As a result of our strong first quarter performance and progress with Heartland integration efforts, we are increasing our outlook for fiscal 2017 adjusted earnings per share to a range of $3.45 to $3.55, reflecting growth of 16% to 19% over fiscal 2016,” stated Cameron Bready, Executive Vice President and Chief Financial Officer. “We also now expect adjusted operating margin for fiscal 2017 to expand by as much as 50 basis points. We continue to expect adjusted net revenue to range from $3.2 billion to $3.3 billion, or growth of 47% to 52% over fiscal 2016.”

For earnings history and earnings-related data on Global Payments (GPN) click here.

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