{"id":131258,"date":"2023-02-10T14:36:53","date_gmt":"2023-02-10T14:36:53","guid":{"rendered":"https:\/\/fin2me.com\/?p=131258"},"modified":"2023-02-10T14:36:53","modified_gmt":"2023-02-10T14:36:53","slug":"global-payments-q4-results-top-estimates-sees-fy23-revenues-above-estimates","status":"publish","type":"post","link":"https:\/\/fin2me.com\/economy\/global-payments-q4-results-top-estimates-sees-fy23-revenues-above-estimates\/","title":{"rendered":"Global Payments Q4 Results Top Estimates; Sees FY23 Revenues Above Estimates"},"content":{"rendered":"

While reporting financial results for the fourth quarter on Friday, payments technology<\/span> company Global Payments Inc. (GPN) initiated its adjusted earnings and adjusted revenue guidance for the full year 2023.<\/p>\n

For fiscal 2023, the company now projects adjusted earnings in a range of $10.25 to $10.37 per share on adjusted net revenues between $8.575 billion and $8.675 billion.<\/p>\n

On average, analysts polled by Thomson Reuters expect the company to report earnings of $10.37 per share on revenues of $8.57 billion for the year. Analysts’ estimates typically exclude special items.<\/p>\n

For the fourth quarter, the company reported net income attributable to Global Payments of $249.31 million or $0.94 per share, up from $208.45 million or $0.72 per share in the prior-year quarter.<\/p>\n

Excluding items, adjusted earnings for the quarter were $2.42 per share, compared to $2.13 per share in the year-ago quarter.<\/p>\n

Revenues for the quarter grew 2.7 percent to $2.25 billion from $2.19 billion in the same quarter last year. Adjusted net revenue was up 19 percent to $2.02 billion from last year.<\/p>\n

The Street was looking for earnings of $2.41 per share on revenues of $2.01 billion for the quarter.<\/p>\n

Reflecting the pending divestiture of the company’s consumer business<\/span>, adjusted net revenue grew 4 percent to $1.90 billion from a year ago.<\/p>\n

Further, Global Payments’ Board of Directors approved a dividend of $0.25 per share payable March 31, 2023 to shareholders of record as of March 17, 2023 and also reauthorized up to $1.5 billion of share repurchase capacity.<\/p>\n

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

While reporting financial results for the fourth quarter on Friday, payments technology company Global Payments Inc. (GPN) initiated its adjusted earnings and adjusted revenue guidance […]<\/p>\n","protected":false},"author":3,"featured_media":131257,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"\nGlobal Payments Q4 Results Top Estimates; Sees FY23 Revenues Above Estimates - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/economy\/global-payments-q4-results-top-estimates-sees-fy23-revenues-above-estimates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Payments Q4 Results Top Estimates; Sees FY23 Revenues Above Estimates - Fin2me\" \/>\n<meta property=\"og:description\" content=\"While reporting financial results for the fourth quarter on Friday, payments technology company Global Payments Inc. 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