Global Payments (GPN) Tops Q3 EPS by 3c, Offers FY Guidance

Global Payments (NYSE: GPN) reported Q3 EPS of $0.70, $0.03 better than the analyst estimate of $0.67. Revenue for the quarter came in at $497 million versus the consensus estimate of $493.87 million.

GUIDANCE:

Global Payments sees FY2016 EPS of $2.93-$3.00, versus the consensus of $2.94.

“We delivered strong financial results for the quarter, accelerating growth across our key markets. We are especially pleased with our performance in North America and Europe, with sequentially higher adjusted net revenue growth in the United States direct channel and the United Kingdom,” said Chief Executive Officer Jeff Sloan. “We also grew margins in each region, highlighting solid execution.”

Sloan continued, “We are delighted with the progress we have made on the partnership with Heartland Payment Systems and look forward to closing the transaction later this month. The combination with Heartland will transform Global Payments into the leading provider of payments technology solutions worldwide.”

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

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