GPN

Global Payments Q4 Profit Tops Estimates; Adj. Revenue Up 8%

(RTTNews) - Global Payments Inc. (GPN) reported that its fourth-quarter net income attributable to Global Payments increased to $361.3 million from $249.3 million, last year. Earnings per share was $1.38 compared to $0.94. Adjusted earnings per share increased 10% to $2.65, compared to $2.42. On average, 30 analysts polled by Thomson Reuters expected the company to report profit per share of $2.64, for the quarter. Analysts' estimates typically exclude special items.

GAAP revenues were $2.43 billion, compared to $2.25 billion, last year. Adjusted net revenues increased 8% to $2.19 billion, compared to $2.02 billion. Analysts on average had estimated $2.18 billion in revenue.

For 2024, the company expects adjusted net revenue to be in a range of $9.17 billion to $9.30 billion, reflecting growth of 6% to 7% and adjusted earnings per share to be in a range of $11.54 to $11.70, reflecting growth of 11% to 12% over 2023.

Global Payments' Board approved a dividend of $0.25 per share payable on March 29, 2024 to shareholders of record as of March 15, 2024. The Board also approved an increase in the company's share repurchase authorization capacity to $2 billion.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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