Wednesday, Global Payments Inc. (GPN) announced its first-quarter financial results, reporting a net loss of $1.799 billion compared to a net income of $305.7 million in the prior year, driven by higher loss from discontinued operations.
On a per-share basis, total loss attributable to the company was $6.59 compared to a profit of $1.24 in the previous year.
Adjusted earnings stood at $808.9 million compared to $665.3 million in the earlier year.
Revenue rose 63.1 percent, to $2.969 billion from last year's $1.820 billion.
Looking ahead, the company estimates adjusted earnings of $13.80 to $14.00 per share for the full year 2026.
Concurrently, Global Payments entered into a $500 million accelerated share repurchase plan.
GPN is trading at $72.76, up 4.68 percent before the bell on the New York Stock Exchange.
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