Global Payments ( (GPN) ) has realeased its Q3 earnings. Here is a breakdown of the information Global Payments presented to its investors.
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Global Payments Inc. is a leading payments technology company that provides innovative software and services globally, supporting businesses across various channels with efficiency and competitive solutions. In its third quarter of 2024, Global Payments reported a 5% increase in GAAP revenue to $2.60 billion and a 6% rise in adjusted net revenue to $2.36 billion. The adjusted earnings per share grew by 12% to $3.08, signaling strong operational performance despite economic challenges. The company’s decision to sell AdvancedMD and initiate a $600 million accelerated share repurchase plan marked significant strategic moves. The financial results also included a decrease in GAAP diluted earnings per share to $1.24, an 11% drop from the previous year. However, the company maintained a positive outlook for the rest of 2024, expecting adjusted net revenue growth between 6% and 7% and adjusted earnings per share growth of 11% to 12%. As Global Payments continues to focus on its transformation strategy, it aims to sustain growth and maximize shareholder value.
