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0.000382653061224504 -0.000446428571428528 -0.000255102040816276 -0.000382653061224504 -0.00140306122448979 0.00153061224489802 0.0025510204081633 0.00867346938775501
Stock impact report

Global Payments adjusted profit rises as consumer spending remains steady [Yahoo! Finance]

Global Payments Inc. (GPN) 
Last global payments inc. earnings: 2/12 06:55 am Check Earnings Report
US:NYSE Investor Relations: investors.globalpaymentsinc.com
Company Research Source: Yahoo! Finance
WHY IT'S IMPORTANT Strong wage growth and low unemployment helped consumer spending levels in the reported quarter, despite some customers reducing discretionary spending due to U.S. President Donald Trump's tariff-related inflation concerns and growth uncertainties. Consumer spending levels in an economy directly affect the earnings of payment technology companies such as Global Payments. CONTEXT Global Payments has intensified its focus as a pure-play payments processor business in recent times through acquisitions as it looks to attract larger corporate clients. The company agreed to buy rival Worldpay from FIS and private equity firm GTCR for $24.5 billion in a three-way deal, announced last month. As part of the deal, Global Payments will sell its issuer solutions unit, which offers card processing and account services, to FIS for $13.5 billion. BY THE NUMBERS On an adjusted basis, Global Payments reported a 0.5% rise in its merchant solutions revenue and a 2.6% Show less Read more
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