(VIANEWS) – Global Payments Inc., an American firm that provides financial technology services throughout the world with its stock in the S&P 500 stock market index, exceeded earnings and revenue forecasts Monday, while increasing its full-year outlook. Global Payments posted net income at $263.6 million, or 89c per share. This is an increase of $37.3 million or 12 cents per share in the previous quarter.
Global Payments posted an adjusted profit of $2.04 per share. This is up from $1.31 per share the year before and well ahead of FactSet’s consensus estimate for $1.90 per share.
Global Payments reported revenue of $2.14 Billion, up from $1.67 Billion a year earlier. FactSet tracked analysts who expected $2.03 trillion in GAAP revenue. From $7.87-$8.07, the company expects to earn $8.07-20 per share in full-year adjusted earnings. Increased share-repurchase authority to $1.5 million.
Shares of Global Payments (GPN) dropped 6.36% to $181.10 at 11:47 EST on Monday, after two successive sessions in a row of gains. NYSE Composite is rising 0.59% to $16,701.00, following the last session’s downward trend. This seems, up to now, a somewhat positive trend trading session today.
Global Payments’s last close was $193.41, 12.41% under its 52-week high of $220.81.
Today’s last reported volume for Global Payments is 2376047 which is 46.87% above its average volume of 1617761.
Global Payments’s Sales
Global Payments’s sales growth is 21.9% for the current quarter and 12.9% for the next. The company’s growth estimates for the current quarter and the next is 44.3% and 24.6%, respectively.
Global Payments’s Revenue
Year-on-year quarterly revenue growth grew by 4.5%, now sitting on 7.51B for the twelve trailing months.
Global Payments’s last week, last month’s, and last quarter’s current volatility was 0.29%, 0.14%, and 0.98%, respectively.
Global Payments’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 0.95% (last week), 1.14% (last month), and 0.98% (last quarter), respectively.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,
Global Payments’s stock is considered to be oversold (<=20).
Global Payments’s Stock Yearly Top and Bottom Value
Global Payments’s stock is valued at $181.10 at 11:47 EST, way under its 52-week high of $220.81 and way higher than its 52-week low of $153.33.
Global Payments’s Moving Average
Global Payments’s value is under its 50-day moving average of $191.60 and under its 200-day moving average of $198.67.
News about Global Payments (GPN) today
Global payments inc. Q2 adjusted earnings beat estimates. According to today’s article on Business Insider, “Excluding items, Global Payments Inc. reported adjusted earnings of $603.00 million or $2.04 per share for the period.”
Earnings results: global payments tops earnings expectations. According to today’s article on MarketWatch, “On an adjusted basis, Global Payments earned $2.04 a share, up from $1.31 a share a year prior and ahead of the FactSet consensus, which called for $1.90 a share. ”
More news about Global Payments (GPN).