Benzinga | Aug 2, 2021 06:59AM EDT

Global Payments Raises FY21 EPS Guidance From $7.87-$8.07 To $8.07-$8.20 vs $8.00 Est., Raises Adj. Net Revenue Guidance From $7.55B-$7.625B To $7.70B-$7.73B vs $7.61B Est.

2021 Outlook

"We are pleased with our performance in the second quarter, which demonstrated continued sequential improvement that has continued in July," said Paul Todd, Senior Executive Vice2021 Outlook

"We are pleased with our performance in the second quarter, which demonstrated continued sequential improvement that has continued in July," said Paul Todd, Senior Executive Vice President and Chief Financial Officer. "We achieved strong adjusted net revenue growth, adjusted operating margin expansion and adjusted earnings per share growth, well ahead of our expectations.

"We remain encouraged by the trends we are seeing in our business and are again raising our expectations for full year 2021 adjusted net revenue to be in the range of $7.70 billion to $7.73 billion, reflecting growth of 14% to 15%, and we are increasing our adjusted earnings per share estimate to be in a range of $8.07 to $8.20, or growth of 26% to 28% over 2020. This outlook presumes we remain on a path toward recovery worldwide over the balance of the year."

Todd concluded, "We also continue to execute on our strategic priorities of balancing reinvestment in the future growth of our business with efficient return of capital. To that end, we are excited with our announcement regarding Bankia, the successful closing of our acquisition of Zego and that our Board of Directors has approved an increase to our share repurchase authorization to $1.5 billion."