Published on 1 May 2024 on Zacks via Yahoo Finance
Global Payments (GPN) Beats on Q1 Earnings, Reaffirms 2024 View
Global Payments Inc. GPN reported first-quarter 2024 adjusted earnings per share (EPS) of $2.59, which beat the Zacks Consensus Estimate by 7.5%. The bottom line rose 21.6% year over year.
Adjusted net revenues improved 6.6% year over year to $2.18 billion. The top line surpassed the consensus mark of $2.17 billion.
The quarterly results were aided by growth in transaction volumes and core issuer growth in the Issuer Solutions segment. A decline in expenses also favored the first-quarter results. However, the declining Merchant Solutions’ operating margin might have acted as a partial offset.