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Stock Market & Financial Investment News

News For GPN From The Last 14 Days
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July 28, 2015
12:51 EDTGPNGlobal Payments reports Q4 cash EPS $1.22, consensus $1.18
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07:15 EDTGPNGlobal Payments says board expanded repurchase authorization by $300M
Global Payments’ Board of Directors expanded its share repurchase authorization by an incremental $300 million, bringing its total current authorization to $403 million. Under the company’s new authorization, Global Payments may repurchase shares in the open market or as otherwise may be determined by the company, subject to market conditions, business opportunities and other factors. The company has no obligation to repurchase shares under this program. This authorization has no expiration date and may be suspended or terminated at any time. Repurchased shares will be retired but will be available for future issuance.
07:14 EDTGPNGlobal Payments sees FY16 EPS $5.60-$5.78, consensus $5.44
Sees FY16 GAAP revenue $2.87B-$2.95B, consensus $2.96B. Sees FY16 adjusted revenue $2.06B-$2.1B.
July 27, 2015
08:39 EDTGPNGlobal Payments, Caixa, Erste to form joint venture
Global Payments (GPN), CaixaBank (CAIXY), and Erste Group Bank (EBKDY) announced an agreement to form a joint venture to provide merchant acquiring and payment services in three core locations in Central and Eastern Europe: Czech Republic, Slovakia and Romania. Global Payments and CaixaBank will pay EUR30M in cash to acquire a 51% majority ownership in the venture. Erste Group will contribute its existing merchant acquiring businesses in each of the three countries to the joint venture and will hold a 49% interest. The transaction is expected to close in the second half of fiscal 2016, subject to receipt of regulatory approvals and satisfaction of customary closing conditions. Global Payments does not expect the joint venture to have a material impact on the company’s fiscal 2016 cash earnings per share or capital plans. Global Payments will provide additional financial information about the joint venture upon closing.

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