* Q2 normalized EPS from cont ops $0.70 vs est $0.67
* Revenue up 8 pct to $443.5 mln
* Sees FY 2011 cash EPS from cont ops $2.95-$3.06
* Sees FY 2011 rev $1.78-$1.82 bln
Jan 6 Credit card processor Global Payments Inc
(GPN.N) posted a better-than-expected quarterly profit, helped
by a rise in revenue from its North America merchant services,
and raised its forecast for the fiscal.
The company expects earnings from continuing operations on
a cash basis of $2.95-$3.06, and revenue of $1.78-$1.82 billion
for fiscal 2011. For the second quarter ended Nov. 30, the
company reported earnings of $53.5 million, or 67 cents a
share, compared with $62.8 million, or 76 cents a share last
Normalized earnings from continuing operations were 70
cents a share, Atlanta-based Global Payments said.
Revenue grew 8 percent to $443.5 million. North America
merchant services revenue climbed 9 percent to $327.1 million.
Analysts on average were looking for a profit of 67 cents a
share, before items, on revenue of $435.2 million, according to
Thomson Reuters I/B/E/S.
Shares of the company were up about 1 percent in trading
after the bell. The stock, which has risen about 9 percent
since the company reported its first-quarter results in
October, closed at $45.92 on Thursday on the New York Stock
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(Reporting by Brenton Cordeiro in Bangalore; Editing by Anne