Global Payments (GPN) Tops Q3 EPS by 3c; Maintains FY15 View

Global Payments (NYSE: GPN) reported Q3 EPS of $1.14, $0.03 better than the analyst estimate of $1.11. Revenue for the quarter came in at $666.9 million versus the consensus estimate of $673.48 million.

Global Payments maintians FY2015 EPS of $4.77-$4.84, versus the consensus of $4.78. Global Payments maintans FY2015 revenue of $2.75-2.8 billion, versus the consensus of $2.78 billion.

"We are pleased to report strong third quarter financial results, reflecting the success of our strategy to deliver technology-enabled payments solutions across an expansive direct customer base worldwide, while continuing to invest in future growth,” said Chief Executive Officer Jeff Sloan. “Our acquisition of Realex Payments enhances our international ecommerce offerings, extends our foundation for omni-channel capabilities and accelerates growth in our pan-European payments business.”

Global Payments’ Board of Directors approved a fiscal 2015 third quarter dividend of $0.02 per share payable May 29, 2015 to shareholders of record as of May 15, 2015. The company intends to enter into an accelerated share repurchase plan this month to repurchase up to $100 million of the company’s common stock.

For earnings history and earnings-related data on Global Payments (GPN) click here.

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