Shares of Global Payments rose nearly 5% Thursday, one day after the large fintech reported second quarter result that beat Wall Street expectations. Global Payments said Aug. 7 that adjusted earnings per share increased 12% to $2.93 for the three months ended June 30 compared to $2.62 for the same time period in 2023. The $2.93 was 2 cents more than the $2.91 expected by analysts. Adjusted Q2 net revenue rose 6% to $2.32 billion.
Adjusted net revenue for merchant solutions, Global Payments biggest segment, gained nearly 8% to $1.81 billion.
