ATLANTA (AP) — ATLANTA (AP) — Global Payments Inc. (GPN) on Wednesday reported third-quarter profit of $315.1 million.
On a per-share basis, the Atlanta-based company said it had net income of $1.24. Earnings, adjusted for non-recurring costs and stock option expense, came to $3.08 per share.
The results missed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $3.11 per share.
The electronics payment processing company posted revenue of $2.6 billion in the period. Its adjusted revenue was $2.36 billion, which also did not meet Street forecasts. Ten analysts surveyed by Zacks expected $2.38 billion.
Global Payments expects full-year earnings in the range of $11.54 to $11.70 per share, with revenue in the range of $9.17 billion to $9.3 billion.
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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