Nov 4 (Reuters) - Payment technology company Global

Payments ( GPN ) reported a rise in third-quarter profit on

Tuesday, helped by a robust performance in its merchant

solutions business.

Shares of the Atlanta-based company, which have lost nearly

31.2% this year, rose 7.9% to $83.2 in premarket trading.

Consumer spending has been robust in the U.S. despite

President Donald Trump's trade and immigration policies, which

have stoked worries about emerging strains in the labor market

and persistent inflation.

Consumer spending levels in an economy directly affect the

earnings of payment technology companies.

Visa and Mastercard's ( MA ) quarterly profit last

month sailed past analysts' estimates, as strong consumer

spending drove card transaction volumes.

Global Payments' ( GPN ) third-quarter adjusted net revenue rose 3%

to $2.43 billion from a year ago.

The company's merchant solutions, its biggest segment,

posted a 6% jump in its operating income to $750 million.

"Our Merchant business is exhibiting ongoing momentum with

adjusted net revenue growth accelerating to 6% constant currency

excluding dispositions," said CEO Cameron Bready.

Quarterly net profit attributable to the company rose to

$783 million, or $3.26 per share, on an adjusted basis in the

three months ended September 30, compared with $743.5 million,

or $2.92 per share, a year earlier.