Global Payments reports Q2 adjusted EPS $2.93, consensus $2.90

Reports Q2 revenue $2.57B, consensus $2.32B. “We delivered high single-digit adjusted net revenue growth, excluding the Netspend divestiture, and double-digit adjusted earnings per share growth in the second quarter,” said Cameron Bready, chief executive officer. “These results reflect consistent strong performance and execution of our strategy focused on being the worldwide partner of choice for commerce solutions.” Bready continued, “We continue to see good momentum with our point-of-sale solutions, and are pleased to announce a new agreement with Diamond Baseball Holdings to serve as the official commerce technology partner for its Minor League Baseball franchises in the United States and Canada. We also signed new stadium partnerships with multiple UK football clubs in the second quarter, including Newcastle, Birmingham City, and Nottingham Forest.” Bready concluded, “We are also finalizing the review of our business that we began earlier this year and have identified meaningful opportunities to better align our organization to continue to drive sustainable growth. We are focused on simplifying our business and streamlining our operations to deliver product-led, customer-centric solutions, while further emphasizing service as a key differentiator.”