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ATLANTA (AP) — ATLANTA (AP) — Global Payments Inc. (GPN) on Monday reported a loss of $11 million in its first quarter.
On a per-share basis, the Atlanta-based company said it had a loss of 4 cents. Earnings, adjusted for one-time gains and costs, came to $2.40 per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.30 per share.
The electronics payment processing company posted revenue of $2.29 billion in the period. Its adjusted revenue was $2.05 billion, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $2 billion.
Global Payments expects full-year earnings in the range of $10.32 to $10.44 per share, with revenue in the range of $8.64 billion to $8.74 billion.
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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