Update: Global Payments Earnings, Revenues And FY2015 Guidance Beat Expectations
Martin Vlcek • Wed, Jul. 30
- GPN reported quarterly revenues of $674M, up 9% Y/Y, cash EPS of $1.09, up 11% and GAAP EPS of $0.72, up 35%.
- The long thesis has been working very well. Earnings results confirm the continuing competitive strength of GPN as well as the robustness of the underlying industry trends.
- I remain very bullish on GPN. The company remains one of my highest-conviction long-term buy recommendations. I am raising my target price to $80 per share within 12 months.