=Global Payment (GPN) reported earnings on Thur 4 May 2017 (b/o)

ATLANTA (AP) _ Global Payments Inc. (GPN) on Thursday reported first-quarter net income of $48.8 million.

The Atlanta-based company said it had profit of 32 cents per share. Earnings, adjusted for one-time gains and costs, were 85 cents per share.

The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.

The electronics payment processing company posted revenue of $919.8 million in the period. Its adjusted revenue was $803.9 million, also beating Street forecasts. Seven analysts surveyed by Zacks expected $767.8 million.

Global Payments expects full-year earnings in the range of $3.78 to $3.98 per share, with revenue in the range of $3.38 billion to $3.46 billion.

Global Payments shares have increased 17 percent since the beginning of the year. The stock has increased 11 percent in the last 12 months.