Global Payments Jumps 3% After Inline Q2, Increased Guidance

is up more than three percent in after hours trading after the company announced its second quarter results. The company reported a Q2 EPS of $1.02, which was inline with Wall Street's expectations. Earnings per share were up 10 percent from the year-ago period. Revenue arrived at $634.1 million versus the Street estimate of $624.45 million. Sales were up eight percent year-over-year. "We are pleased with our results for the quarter driven by strong business performance across all regions, and we now expect double digit cash earnings per share growth for our full-year," Jeff Sloan, President and CEO of Global Payments, said in a

. "We are making substantial progress on our growth initiatives globally, and we remain focused on being the partner of choice." Global Payments raised its FY2014 EPS guidance from $3.98 - $4.05 to $4.03 - $4.10 versus the Street estimate of $4.03. Global Payments beat the Street's estimates during the

as well. When its Q1 results were reported in October, Sloan was a newly appointed CEO. Investors were intrigued by his appointment back then, and they seem to be happy with the job he has done in the months that followed. Disclosure: