Benzinga | Aug 3, 2020 07:41AM EDT

Global Payments: Q2 Earnings Insights

Shares of Global Payments (NYSE:GPN) rose 0.1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 13.25% over the past year to $1.31, which beat the estimate of $1.20.

Revenue of $1,521,000,000 higher by 36.54% from the same period last year, which beat the estimate of $1,460,000,000.

Outlook

Global Payments hasn't issued any earnings guidance for the time being.

Global Payments hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Aug 03, 2020

Time: 08:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.globalpaymentsinc.com%2Fnews-and-events%2Fevents-and-presentations%2Fevent-details%2F2020%2FGlobal-Payments-Second-Quarter-2020-Earnings%2Fdefault.aspx&eventid=2494959&sessionid=1&key=FF73B6419517550978A4CEECC088FBF3&regTag=&sourcepage=register

Price Action

Company's 52-week high was at $209.62

Company's 52-week low was at $105.54

Price action over last quarter: Up 1.98%

Company Description

Global Payments is a leading provider of payment processing and software solutions and focuses on serving small and midsize merchants. The company operates in 30 countries and generates about one fourth of its revenue from outside North America, primarily in Europe and Asia. Global Payments recently announced its intention to merge with Total System Services in an all-stock deal that will give Total System Services shareholders 48% of the combined company's shares.