Global Payments Soars After Beating Q2 Earnings, Secures Major Sports Tech Deals
Portfolio Pulse from Nabaparna Bhattacharya
Global Payments Inc. (NYSE:GPN) shares surged after the company reported strong Q2 earnings, beating both EPS and sales estimates. The company also announced new sports tech deals and a dividend. Despite a slightly lower FY24 revenue outlook, the stock rose 7.6%.
August 07, 2024 | 3:59 pm
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Global Payments Inc. reported strong Q2 earnings, beating both EPS and sales estimates. The company also announced new sports tech deals and a dividend, leading to a 7.6% increase in stock price.
The strong Q2 earnings report, combined with new sports tech deals and a dividend announcement, has positively impacted investor sentiment, leading to a significant increase in the stock price.
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