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ATLANTA (AP) — ATLANTA (AP) — Global Payments Inc. (GPN) on Tuesday reported first-quarter net income of $305.7 million.
On a per-share basis, the Atlanta-based company said it had profit of $1.24. Earnings, adjusted for one-time gains and costs, were $2.82 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.69 per share.
The electronics payment processing company posted revenue of $2.41 billion in the period. Its adjusted revenue was $2.2 billion, meeting Street forecasts.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPN at https://www.zacks.com/ap/GPN