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Global Payments: 1Q Earnings Snapshot

ATLANTA (AP) _ Global Payments Inc. (GPN) on Thursday reported first-quarter net income of $112.3 million.

The Atlanta-based company said it had net income of 71 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to $1.34 per share.

The results topped Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.

The electronics payment processing company posted revenue of $883 million in the period. Its adjusted revenue was $1.04 billion, which met Street forecasts.

Global Payments expects full-year earnings in the range of $5.95 to $6.12 per share, with revenue in the range of $4.44 billion to $4.49 billion.

Global Payments shares have climbed 40% since the beginning of the year. The stock has climbed 27% in the last 12 months.


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