ATLANTA (AP) — Global Payments Inc. (GPN) on Wednesday reported fourth-quarter profit of $75.2 million.
The Atlanta-based company said it had net income of 47 cents per share. Earnings, adjusted for non-recurring costs, were $1.33 per share.
The results beat Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.
The electronics payment processing company posted revenue of $880.6 million in the period. Its adjusted revenue was $819 million, which did not meet Street forecasts. Eleven analysts surveyed by Zacks expected $1.04 billion.
For the year, the company reported profit of $452.1 million, or $2.84 per share. Revenue was reported as $3.1 billion.
Global Payments expects full-year earnings in the range of $5.90 to $6.10 per share, with revenue in the range of $3.49 billion to $3.55 billion.
Global Payments shares have increased 14 percent since the beginning of the year. The stock has climbed 10 percent in the last 12 months.
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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
