Global Payments Inc. Q2 Profit Decreases, But Beats Estimates

(RTTNews) - Global Payments Inc. (GPN) released a profit for second quarter that Decreased from the same period last year but beat the Street estimates.

The company's bottom line came in at $241.6 million, or $0.99 per share. This compares with $374.7 million, or $1.47 per share, last year.

Excluding items, Global Payments Inc. reported adjusted earnings of $754.2 million or $3.10 per share for the period.

Analysts on average had expected the company to earn $3.06 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 0.8% to $1.956 billion from $1.971 billion last year.

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

-Earnings: $241.6 Mln. vs. $374.7 Mln. last year. -EPS: $0.99 vs. $1.47 last year. -Revenue: $1.956 Bln vs. $1.971 Bln last year.