trending Market Intelligence /marketintelligence/en/news-insights/trending/ZNMRzh1zxnTRtSFZMUY4-A2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Global Payments sees net income, revenues rise YOY in fiscal Q3

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

Online Brokerage Space Should Remain Rich Source Of M&A

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity


Global Payments sees net income, revenues rise YOY in fiscal Q3

GlobalPayments Inc. on April 6 reported net income attributable to thecompany of $69.1 million, or 53 cents per share, for the fiscal third quarterended Feb. 29, compared to $62.6 million, or 46 cents per share, in theyear-ago quarter.

The S&P Global Market Intelligence consensus GAAP EPSestimate for the quarter was 53 cents.

On a GAAP basis, total revenues came in at $679.9 million,versus $665.0 million a year ago. Adjusted net revenue totaled $497.0 million,up year over year from $467.8 million. On a constant currency basis, adjustednet revenue grew 11%.

For the full fiscal 2016 year, Global Payments expects to beat the upper end of its constant currency adjusted net revenue growthexpectation of 10% to 12% over fiscal 2015. It also raised expectations formargin expansion and cash EPS. The company now anticipates annual fiscal 2016cash operating margin to increase by at least 100 basis points on a constantcurrency basis and EPS on a cash basis to range from $2.93 to $3.00. Theoutlook excludes any impact from the pending Heartland Payment Systems Inc. .

The company intends to resume its normal capital allocationpolicies, including being a consistent buyer of its stock, when it completesthe Heartland acquisition.