RTTNews | Nov 2, 2021 11:46AM EDT

11:46 Tuesday, November 2, 2021 (RTTNews.com) - Shares of financial technology services company Global Payments Inc. (GPN) are down 11 percent on Tuesday's trading after the company raised its full year 2021 outlook above analysts estimates, but revenue guidance is still below Street view.

The company raised the lower ends of its fiscal 2021 adjusted net revenue and adjusted earnings per share guidance. The company now expects adjusted net revenue to be in the range of $7.71 billion to $7.73 billion and adjusted earnings per share between $8.10 to $8.20.

Analysts polled by Thomson Reuters are expecting earnings per share of $8.02 on revenue of $7.74 billion.

In its third quarter, the company's bottom line totaled $296.74 million, or $1.01 per share. This compares with $220.97 million, or $0.74 per share, a year ago.

Excluding items, Global Payments reported adjusted earnings of $637.33 million or $2.18 per share for the period, while analysts were looking for earnings of $2.14 per share.

Currently at $129.22, the stock has traded between $128.61 and $220.81 during the past 52 weeks.

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