Global Payments Shares Down 9% on Q3 EPS Miss
<p><a href='https://financialmodelingprep.com/financial-summary/GPN'>Global Payments Inc. (NYSE:GPN)</a> shares fell nearly 9% on Monday following the company’s reported Q3 results, with EPS of $2.48 coming in worse than the Street estimate of $2.50. Revenue was $2.06 billion, in line with the Street estimate.</p>
<p>Merchant solutions adjusted net revenue increased 6.8% year-over-year, with an adjusted operating margin of 50%, up 60bps year-over-year. Issuer solutions adjusted net revenue was up 6.9% year-over-year, with an adjusted operating margin of 46.4%, up 310bps. B&C solutions' net revenue fell by 31.3% year-over-year, with an adjusted operating margin of 37.9%, up 12.3%.</p>
<p>For fiscal 2022, the company expects net revenue to be in the range of $7.8-$7.9 billion inclusive of dispositions and an FX headwind of 300bps. EPS is expected in the range of $9.53-$9.75.</p>

NYSE:GPN