Global Payments beats by $0.01, reports revs in-line; guides FY19 EPS in-line, revs in-line (midpoint above consensus); adds to buyback
- Reports Q4 (Dec) earnings of $1.33 per share, excluding non-recurring items, $0.01 better than the S&P Capital IQ Consensus of $1.32; revenues rose 12.3% year/year to $1.04 bln vs the $1.04 bln S&P Capital IQ Consensus.
- Q4 adjusted operating margin expanded 80 basis points to 31.6%.
- The Board also approved an increase to the existing authorization for the company's share repurchase program, raising the total available authorization to $750 million.
- Co issues in-line guidance for FY19, sees EPS of $5.90-6.10, excluding non-recurring items, vs. $6.03 S&P Capital IQ Consensus; sees FY19 revs of $4.43-4.49 vs. $4.43 bln S&P Capital IQ Consensus.