Q1 2020 Global Payments Inc Earnings Call
Global Payments (GPN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
TSS earnings call for the period ending March 31, 2020.
Global Payments (GPN) delivered earnings and revenue surprises of 3.95% and -0.96%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Guru releases portfolio for the first quarter of 2020 Continue reading...
Consumers may never feel entirely comfortable touching anything in a store again, setting the stage for names that allow a touch-free experience.
Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, announced today that Cameron Bready, President and Chief Operating Officer will present at J.P. Morgan’s Virtual Global Technology, Media and Communications Conference at 3:20 p.m. ET on Wednesday, May 13, 2020.
Global Payments' (GPN) Q1 results are likely to reflect earnings erosion from the coronavirus-led business loss.
Now a much bigger company thanks to the TSYS merger, it managed to double (and then some) both its adjusted revenue and net profit.
Global Payments (GPN) is poised to benefit from strategic initiatives, cost cutting measures and sound capital position.
Global Payments' (GPN) Q1 earnings results reflect growth across Merchant and Issuer segments, partly offset by a decline in Business and Consumer Solutions segment.
Global Payments to Provide Credit Card Processing Services for Truist Financial Corporation
Ladies and gentlemen, thank you for standing by, and welcome to the Global Payments first-quarter 2020 earnings call. At this time, I would like to turn the conference over to your host, Senior Vice President, Investor Relations Winnie Smith.
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Global Payments Inc. (NYSE: GPN) today announced results for the first quarter ended March 31, 2020.
Artisan Mid Cap Fund recently released its Q1 2020 Investor Letter, a copy of which you can download below. The fund posted a return of -11.55% for the quarter (investor class), outperforming their benchmark, the Russell Midcap Index which returned -27.07% in the same quarter. You should check out Artisan Mid Cap Fund’s top 5 […]
Global Payments (GPN) signs deal to manage credit card portfolios of Truist.
Moody's Investors Service ("Moody's") has assigned a Baa3 senior unsecured rating to Global Payments Inc.'s ("Global Payments") proposed offering of senior notes. The net proceeds from the offering will be used to repay outstanding revolving credit facility balances. Global Payments is one of the leading operators in the global payment processing industry with net revenue scale of $7.1 billion (pro forma 2019).
Global Payments Inc. topped first-quarter earnings and revenue expectations Wednesday while flagging the potential for $400 million in cost savings as the company deals with the effects of COVID-19. The payments company reported net income of $104 million, or 48 cents a share, down from $120 million, or 71 cents a share, in the year-earlier quarter. Adjusted earnings per share increased to $1.58 from $1.34, while analysts surveyed by FactSet had been modeling $1.53. Revenue for Global Payments rose to $1.91 billion from $883 million a year period, while analysts were expecting $1.89 billion. The current results include revenue from Total System Services, which Global Payments acquired in September 2019. "In the first quarter, our focus on execution enabled us to meaningfully expand operating margins and grow adjusted earnings per share in the high teens despite the impact of COVID-19, highlighting the importance of scale in payments," Chief Executive Jeff Sloan said in a release. The company has begun cost-savings initiatives that are expected to drive at least $400 million in expense savings over the next year. Global Payments shares have lost 17% over the past three months as the S&P 500 has declined 14%.
Global Payments (GPN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.