Latest News by Industry
ATLANTA (AP) — ATLANTA (AP) — Global Payments Inc. (GPN) on Friday reported fourth-quarter earnings of $249.3 million.
The Atlanta-based company said it had net income of 94 cents per share. Earnings, adjusted for one-time gains and costs, were $2.42 per share.
The results missed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.45 per share.
The electronics payment processing company posted revenue of $2.25 billion in the period. Its adjusted revenue was $2.02 billion, also falling short of Street forecasts. Eight analysts surveyed by Zacks expected $2.03 billion.
For the year, the company reported profit of $111.5 million, or 40 cents per share. Revenue was reported as $8.09 billion.
Global Payments expects full-year earnings in the range of $10.25 to $10.37 per share, with revenue in the range of $8.57 billion to $8.68 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a GPN">Zacks stock report on GPN at https://www.zacks.com/ap/GPN