WASHINGTON (dpa-AFX) - Global Payments Inc. (GPN) released earnings for its fourth quarter that increased from the same period last year but missed the Street estimates.
The company's bottom line came in at $567.2 million, or $2.25 per share. This compares with $361.3 million, or $1.38 per share, last year.
Excluding items, Global Payments Inc. reported adjusted earnings of $742.3 million or $2.95 per share for the period.
Analysts on average had expected the company to earn $2.96 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.7% to $2.52 billion from $2.43 billion last year.
Global Payments Inc. earnings at a glance (GAAP) :
-Earnings: $567.2 Mln. vs. $361.3 Mln. last year. -EPS: $2.25 vs. $1.38 last year. -Revenue: $2.52 Bln vs. $2.43 Bln last year.
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