Global Payments Falls Short of Q4 Earnings Expectations
ATLANTA, GA - Global Payments Inc. (GPN) reported its fourth-quarter financial results today, revealing a net income of $567.2 million. On a per-share basis, the company recorded earnings of $2.25, while adjusted earnings reached $2.95 per share, falling below analysts' estimates of $2.96 per share.
Revenue for the quarter stood at $2.52 billion, with adjusted revenue amounting to $2.29 billion, both missing market expectations. Analysts surveyed by Zacks Investment Research had forecasted $2.31 billion in adjusted revenue.
For the full year, Global Payments reported a profit of $1.57 billion ($6.16 per share), on revenue of $9.15 billion.