Global Payments Reports Q1 2017 Earnings.

$GPN  reported a decrease in 1Q17 earnings, hurt by higher OpEx compared to 1Q16. Net income attributable to Global Payments was $85.09MM or $0.55 per diluted share compared to $86.65MM or $0.66 per diluted share last year. GAAP revenues grew 25.5% from last year to $939.5MM. Adjusted EPS was $0.86 in 1Q17 versus $0.79 last year, a 8.9% improvement.

$GPN  has raised its outlook for FY17 adjusted EPS to a range of $3.45-3.55, reflecting growth of 16-19% over FY16. The company now expects FY17 adjusted operating margin to expand by as much as 50 BPs, and continues to expect adjusted net revenue to range from $3.2-3.3Bil, or a growth of 47-52% over FY16.

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