==Global Payments (GPN) reported earnings on Wed 30 Oct 24 (b/o)

 

Global Payments misses by $0.01, misses on revs; guides FY24 EPS in-line, revs in-line; Board approves increase in share buyback program to $2.5 bln

• Reports Q3 (Sep) earnings of $3.08 per share, excluding non-recurring items, $0.01 worse than the FactSet Consensus of $3.09; revenues rose 5.6% year/year to $2.36 bln vs the $2.38 bln FactSet Consensus.
• Co issues in-line guidance for FY24, sees EPS of $11.54-11.70, excluding non-recurring items, vs. $11.60 FactSet Consensus; sees FY24 revs of $9.17-9.30 bln, excluding non-recurring items, vs. $9.23 bln FactSet Consensus.
• Global Payments' Board of Directors approved a dividend of $0.25 per share payable on December 27, 2024 to shareholders of record as of December 13, 2024.
• The Board of Directors also approved an increase in the company's share repurchase authorization capacity to $2.5 billion. Entered into $600M accelerated share repurchase program.
• Reached agreement to sell AdvancedMD for total purchase price of $1.125B.