Global Payments Raises FY23 Outlook: Revenue $8.660B - $8.735B (From $8.635B - $8.735B Prior) Vs. $8.65B Estimate, Adj. EPS $10.35 - $10.44 (From $10.32 - $10.44 Prior) Vs. $10.34 Estimate
Portfolio Pulse from Benzinga Newsdesk
Global Payments has raised its FY23 outlook, now expecting adjusted net revenue to be between $8.660 billion and $8.735 billion, reflecting a growth of 7% to 8% over 2022. Adjusted earnings per share are expected to be in the range of $10.35 to $10.44, reflecting a growth of 11% to 12% over 2022. The company continues to expect the adjusted operating margin for 2023 to expand by up to 120 basis points.
August 01, 2023 | 11:04 am
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Global Payments has raised its FY23 outlook, which could lead to a positive impact on its stock price in the short term.
The company has raised its FY23 outlook, indicating strong and consistent performance across its businesses. This positive financial news could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100