Global Payments Revenue, EPS Come In Below Q3 Estimates, Francisco Partners To Acquire AdvancedMD Business
Portfolio Pulse from Adam Eckert
Global Payments Inc (NYSE:GPN) reported Q3 revenue and EPS below estimates, with revenue at $2.357 billion and EPS at $3.08. Despite this, revenue grew 5% YoY and EPS increased 12%. The company announced a dividend and the sale of its AdvancedMD business to Francisco Partners. GPN shares rose 1.89% following the news.
October 30, 2024 | 2:30 pm
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Global Payments reported Q3 revenue and EPS below estimates, but showed YoY growth. The company announced a dividend and the sale of its AdvancedMD business. Shares rose 1.89%.
Despite missing estimates, Global Payments showed YoY growth in revenue and EPS, which is positive. The sale of AdvancedMD and a dividend announcement are also favorable, leading to a positive market reaction with shares rising 1.89%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100