Global Payments Inc. (GPN) Earnings Rise
Global Payments Inc. (NYSE:GPN - News) said that its first-quarter net income rose to $41.5 million, or 51 cents a share, from $30.7 million, or 38 cents a share, a year ago. Adjusted earnings rose 38% to 54 cents, above a 43 cent analyst estimate compiled by Thomson First Call. Sales rose 16% to $260.3 million. The results were primarily due to strong revenue and operating margin growth in the company's merchant services segment. The company also raised its fiscal 2007 diluted earnings per share view to a range of $1.79 to $1.85 a share.
posted by Stock Administrator @ 3:58 PM
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