Why Fintech Company Global Payments' Shares Are Gaining Today
Portfolio Pulse from Lekha Gupta
Global Payments Inc (GPN) reported Q3 FY23 results with a 9% Y/Y increase in adjusted net revenue to $2.232 billion, slightly beating the consensus of $2.226 billion. The company also raised its adjusted EPS outlook for FY23 and is progressing with the integration of EVO Payments. GPN shares are trading higher by around 2%.
October 31, 2023 | 1:46 pm
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POSITIVE IMPACT
Global Payments Inc's Q3 FY23 results beat consensus with a 9% Y/Y increase in adjusted net revenue. The company also raised its adjusted EPS outlook for FY23, which is likely to positively impact the stock.
Global Payments Inc reported better than expected Q3 FY23 results and raised its FY23 EPS outlook. This positive financial performance is likely to increase investor confidence and demand for the stock, leading to a potential increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100