Global Payments Inc. Q3 Profit Decreases, Misses Estimates

(RTTNews) - Global Payments Inc. (GPN) reported earnings for third quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line totaled $315.13 million, or $1.24 per share. This compares with $361.83 million, or $1.39 per share, in last year's third quarter.

Excluding items, Global Payments Inc. reported adjusted earnings of $784.99 million or $3.08 per share for the period.

Analysts on average had expected the company to earn $3.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.1% to $2.601 billion from $2.475 billion last year.

Global Payments Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $315.13 Mln. vs. $361.83 Mln. last year. -EPS (Q3): $1.24 vs. $1.39 last year. -Revenue (Q3): $2.601 Bln vs. $2.475 Bln last year.

-Guidance: Full year EPS guidance: $11.54 - $11.70 Full year revenue guidance: $9.17 - $9.30 Bln