Global Payments Reports Results for Second Quarter 2019 and Increases 2019 Outlook
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Global Payments (GPN) Tops Q2 EPS by 5c, Revenues Beat; Raises FY19 EPS Guidance, Affirms FY19 Revenue Outlook
July 30, 2019 6:59 AM EDTGlobal Payments (NYSE: GPN) reported Q2 EPS of $1.51, $0.05 better than the analyst estimate of $1.46. Revenue for the quarter came in at $1.11 billion versus the consensus estimate of $1.11 billion.
Second Quarter 2019 Summary
GAAP revenues were $935.2 million, compared to $833.2 million in the second quarter of 2018; diluted earnings per share were $0.77 compared to $0.68 in the prior year; and operating margin was 23.7% compared to 22.9% in 2018.Adjusted net revenue plus network fees grew 13.4% to $1.114 billion, compared to $982.5 million in 2018.Adjusted earnings per share grew 17.1% to $1.51, compared to $1.29 in... More