Global Payments forecasts full-year profit above estimates on strong spending [Reuters]
Global Payments Inc. (GPN)
Last global payments inc. earnings: 2/12 06:55 am
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Source: Reuters
May 1 (Reuters) - Global Payments forecast better-than-expected profit for 2024 on Wednesday, as a strong labor market boosts consumer spending. Payment technology companies have largely downplayed worries of a spending slowdown despite higher-for-longer rates and elevated inflation as finances of most U.S. consumers remain healthy. Global Payments forecast full-year adjusted profit between $11.54 and $11.70 per share, largely above analysts' average estimate of $11.59 per share, according to data from LSEG. Last week, Visa , the world's largest payments processor, posted second-quarter profit that past analysts' estimates on the back of strong e-commerce trends. Global Payments forecast 2024 adjusted net revenue between $9.17 billion and $9.30 billion, broadly in line with analysts' average estimate of $9.24 billion. On an adjusted basis, the Atlanta-based company earned $2.59 per share in the three months ended March, beating analysts' average estimate of $2.57. The Tec
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GPN
Earnings
- 5/1/24 - Beat
GPN
Sec Filings
- 5/10/24 - Form 4
- 5/9/24 - Form 144
- 5/1/24 - Form 4
- GPN's page on the SEC website