Global Payments Fiscal Q2 EPS and Sales Beat Estimates

Global Payments reported adjusted earnings in Q2 fiscal 2017 surged 17% to $0.89 per share, beating the $0.84 average EPS estimate from analysts polled by Capital IQ.

Sales over the three months that ended Nov. 30 soared to $941.8 million from $722.4 million a year ago, coming in above the $802.2-million consensus.

In a release published early Monday, the company said it expects an adjusted EPS of $3.70 to $3.90 for the calender year 2017, which represents estimated growth of 16% to 23% over its calendar 2016 estimate, or 21% to 27% on a constant currency basis. That EPS estimate compares with an average analyst estimate of $3.86.

For calendar 2017, the company expects adjusted net revenue of $3.35 to $3.45 billion, representing an estimated growth of 18% to 21% over its calendar 2016 estimate, or 20% to 24% on a constant currency basis. Total revenue is expected to be between $3.76 billion and $3.86 billion.

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