ATLANTA (AP) 鈥� ATLANTA (AP) 鈥� Global Payments Inc. (GPN) on Wednesday reported second-quarter profit of $13 million.
The Atlanta-based company said it had profit of 5 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $3.46 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.45 per share.
The electronics payment processing company posted revenue of $3.32 billion in the period. Its adjusted revenue was $3.16 billion, which fell short of Street forecasts. Nine analysts surveyed by Zacks expected $3.17 billion.
Global Payments expects full-year earnings in the range of $13.60 to $13.80 per share.
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