2023-05-01 06:56:56 ET
- Global Payments press release ( NYSE: GPN ): Q1 Non-GAAP EPS of $2.40 beats by $0.09 .
- Revenue of $2.29B (+6.0% Y/Y) beats by $280M .
- Adjusted net revenues increased 5% (7% constant currency) to $2.05 billion, compared to $1.95 billion in 2022; excluding the impact of dispositions and the acquisition of EVO Payments, adjusted net revenue increased 9% on a constant currency basis.
- The company now expects adjusted net revenue to be in a range of $8.635 billion to $8.735 billion vs. $8.60B consensus, reflecting growth of 7% to 8% over 2022 (an increase from 6% to 7% previously), and adjusted earnings per share to be in a range of $10.32 to $10.44 vs. $10.31 consensus, reflecting growth of 11% to 12% over 2022 (up from 10% to 11% previously), or 16% to 17% excluding dispositions. We continue to expect adjusted operating margin for 2023 to expand by up to 120 basis points.
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Global Payments Non-GAAP EPS of $2.40 beats by $0.09, revenue of $2.29B beats by $280M