Payments technology company Global Payments Inc. reported Monday weak profit in its third quarter, despite higher revenues. Earnings per share, however, grew on lower share count, and adjusted earnings met market estimates. Looking ahead for fiscal 2022, the company continues to expect adjusted earnings above the Wall Street view, and lifted margin forecast.
Further, Global Payments' Board of Directors approved a dividend of $0.25 per share payable December 30, to shareholders of record as of December 16. The Board of Directors has also reauthorized up to $1.5 billion of share repurchase capacity.
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