Global Payments Inc. ( GPN ) shares are trading higher on Wednesday after the company reported second-quarter results.

The company reported adjusted earnings per share of $2.93 (+12%), beating the street view of $2.90.

Quarterly sales of $2.57 billion beat the analyst consensus of $2.32 billion (+6%). 

Adjusted operating margin increased by 40 basis points to 45.2%.

Global Payments’ Board of Directors has approved a dividend of $0.25 per share, payable on Sept. 27, 2024, to shareholders of record as of Sept. 13, 2024.

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“We continue to see good momentum with our point-of-sale solutions, and are pleased to announce a new agreement with Diamond Baseball Holdings to serve as the official commerce technology partner for its Minor League Baseball franchises in the United States and Canada,” said Cameron Bready, chief executive officer.

“We also signed new stadium partnerships with multiple UK football clubs in the second quarter, including Newcastle, Birmingham City, and Nottingham Forest,” Bready added.

Outlook: Global Payments ( GPN ) projects FY24 revenue between $9.17 billion and $9.3 billion (reiterated), slightly below the $9.22 billion estimate.

The company sees adjusted EPS between $11.54 and $11.70, compared to the $11.60 estimate.

Price Action: GPN shares are trading higher by 7.6% to $100.10 at last check Wednesday.

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Image created using artificial intelligence via Midjourney.