TSYS
Total revenues were $1.04 billion, an increase of 2.8%. On a constant currency basis (non-GAAP), total revenues increased 3.4%. Net income attributable to TSYS common shareholders was $162.8 million, an increase of 14.3%.
https://finance.yahoo.com/news/tsys-reports-second-quarter-earnings-202000699.html
Global Payments
The company posted net income of $120.5 million, or 77 cents a share, up from $109.1 million, or 68 cents a share, in the year-ago quarter. Adjusted earnings climbed to $1.51 a share from $1.29 and exceeded the FactSet consensus, which called for $1.46. GAAP revenue for the second quarter rose to $935.2 million, up from $833.2 million a year earlier. Analysts were modeling $943.5 million in revenue. Adjusted net revenue came in at $1.11 billion, compared with $982.5 million a year earlier. The FactSet consensus had been projecting $1.11 billion.
The company now expects the deal (merger with TSYS) to close early in the fourth quarter, and Chief Executive Jeff Sloan told MarketWatch that he thinks the combined company will be well positioned relative to peers even as the industry evolves.
https://www.marketwatch.com/story/global...pectations-for-second-quarter-2019-07-30
Threaded Mode