Global Payments Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - Global Payments Inc. (GPN) reported a profit for second quarter that fell from the same period last year.

The company's profit totaled $37.33 million, or $0.12 per share. This compares with $120.46 million, or $0.77 per share, in last year's second quarter.

Excluding items, Global Payments Inc. reported adjusted earnings of $394.31 million or $1.31 per share for the period.

Analysts had expected the company to earn $1.20 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 77.7% to $1.67 billion from $0.94 billion last year.

Global Payments Inc. earnings at a glance:

-Earnings (Q2): $394.31 Mln. vs. $236.83 Mln. last year. -EPS (Q2): $1.31 vs. $1.51 last year. -Analysts Estimate: $1.20 -Revenue (Q2): $1.67 Bln vs. $0.94 Bln last year.