Global Payments Inc. (NYSE:GPN) delivered a strong profit and beat Wall Street’s expectations, AND topped the revenue expectation. Net income increased 14.74% to $70.2 million (89 cents per diluted share) in the quarter versus a net gain of $61.18 million in the year-earlier quarter. Revenue rose 10.93% to $588.5 million from the year-earlier quarter.
Global Payments Inc. reported adjusted net income of 89 cents per share. By that measure, the company beat the mean analyst estimate of $0.87. It beat the average revenue estimate of $574.82 million.
Here’s how investors and traders reacted to the earnings release: