Global Payments (NYSE:GPN) reported slightly better-than-anticipated earnings and revenue for the fiscal fourth quarter, while its 2024 guidance fell short.
GPN fell 2.2% in premarket trading Wednesday.
For FQ4, the financial technology firm posted earnings per share (EPS) of $2.65, surpassing the consensus estimate of $2.64. Revenue came in at $2.19 billion, marginally higher than the estimated $2.18 billion.
The company expects its full-year 2024 EPS to be between $11.54 and $11.70, missing the consensus projection of $11.74.
Revenue for FY2024 is forecasted to range between $9.17 billion and $9.3 billion, also below the estimated $9.29 billion.
Moreover, the annual adjusted operating margin for 2024 is expected to grow by up to 50 basis points, Global Payments said.
"Importantly, we saw consistent business performance throughout the year despite ongoing uncertainties, highlighting the durability and resiliency of our business model," said CFO Josh Whipple.
"Our outlook for the year reflects the continued positive momentum in our business, while also accommodating a slightly more tempered economic environment given continued uncertainty."