Global Payments (GPN) Beats on Q1 Earnings, Reaffirms 2024 View

Global Payments Inc. (GPN) reported first-quarter 2024 adjusted earnings per share (EPS) of $2.59, which beat the Zacks Consensus Estimate by 7.5%. The bottom line rose 21.6% year over year.Adjusted net revenues improved 6.6% year over year to$ 2.18 billion. The top line surpassed the consensus mark of $2.17 billion.The quarterly results were aided by growth in transaction volumes and core issuer growth in the Issuer Solutions segment. A decline in expenses also favored the first-quarter results. However, t ...