By Dean Seal
Global Payments reported higher earnings and revenue in the fourth quarter but expects topline growth to be constrained in the new year by foreign exchange headwinds.
The Atlanta-based payment-technology provider posted a profit of $567.2 million, or $2.25 a share, compared with $361.3 million, or $1.38 a share, in the same quarter a year ago.
Stripping out one-time items, adjusted earnings were $2.95 a share. Analysts surveyed by FactSet had been expecting $2.96 a share.
Revenue rose 3.4% to $2.52 billion, above analyst forecasts for $2.31 billion, according to FactSet.
The company expects 2025 revenue to be between flat with last year's $10.11 billion, and up 1%. Were it not for unfavorable foreign currency translation, the top line would be up 2% to 3%, Global Payments said.
Earnings are expected to be 4% to 5% higher, and 10% to 11% higher on an adjusted basis.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
February 13, 2025 07:19 ET (12:19 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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