By Katherine Hamilton
Global Payments had lower earnings and revenue in the first quarter, but it reaffirmed its outlook.
The Atlanta payments-processing platform on Tuesday posted a profit of $305.7 million, or $1.24 a share, in the quarter ended March 31, compared with $313.3 million, or $1.22 a share, the year before.
Stripping out certain one-time items, adjusted per-share earnings were $2.82, ahead of the $2.68 forecast by analysts, according to FactSet.
Revenue fell 0.3% to $2.41 billion. Analysts polled by FactSet expected $2.21 billion.
Global payments reaffirmed its full-year outlook, including adjusted earnings-per-share growth of between 10% and 11%.
"Our outlook reflects the progress we are making on our transformation plan and a macro backdrop consistent with the current environment," Chief Financial Officer Josh Whipple said.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
May 06, 2025 07:47 ET (11:47 GMT)
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