UPDATE: Global Payments Posts Drop In Q1 Profit
Global Payments (NYSE: GPN) reported a drop in its first-quarter profit.
Global Payments' quarterly profit declined to $46.6 million, or $0.59 per share, versus $63.9 million, or $0.79 per share, in the year-ago period.
Its revenue climbed 9 percent to $590.2 million, while cash earnings came in at $0.87 per share.
Global Payments shares fell 0.35 percent to $43.64 in after-hours trading.
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