— Global Payments Inc. (NYSE: GPN) reported its fourth-quarter 2019 adjusted earnings of $1.62 per share versus $1.59 per share expected.
— Revenues soared by 126% to $1.99 billion versus $1.8 billion expected. The top line was driven by a 47% jump in merchant solutions. Adjusted net revenue surged by 120% to $1.80 billion.
— Looking ahead into the full year 2020, the company expects revenue in the range of $8.45-8.52 billion and adjusted net revenue of $7.68-7.75 billion. The consensus estimates revenue of $7.75 billion.
— The adjusted earnings are anticipated to be in the range of $7.43-7.62 per share for the full year. This is in line with the market analysts’ EPS view of $7.56.
— The company’s board of directors approved a dividend of $0.195 per share. The dividend is payable on March 27, 2020, to shareholders of record as of March 13, 2020.
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