Q4 snap: EPS 1c ahead but slight op profit miss
Q4 missed net revenue and adjusted operating income, but each by less than 1%, while adjusted EPS came in a penny ahead due to non-operating items. Initial CY18 guidance brackets consensus on revenue, before accounting changes, looks light on operating profit but is ahead on adjusted EPS, helped by unquantified tax reform benefits.Global Payments is a pure play payment technology company providing payments and software solutions to merchants and financial institutions. The company has three segments: Merchant Solutions, which includes authorization services, chargeback resolution, and payment security services; Issuer Solutions, which provides solutions that enable financial institutions and other financial service providers to manage their card portfolios and reduces technical difficulty and overhead on a single platform; and Business and Consumer Solutions, which provides general purpose reloadable prepaid debit and payroll cards, demand deposit accounts and other financial service solutions through its Netspend? brand.
Formed in 2003 by an established team from Cazenove, one of the most respected investment banks in the UK, Atlantic Equities conducts and publishes fundamental, bottom up research on mid and large cap US companies.
Atlantic provide order execution through a wide range of DMA products and algorithmic trading suites.
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