Wall St. Reacts To Global Payments' Earnings
On Friday morning before the stock market opened, Global Payments announced its second fiscal quarter financial results which, according to some observers, met but did not exceed Wall St. analyst expectations. The company has had a history of exceeding expections - so to just meet them turned out to be disappointing and the market reacted with GPN's stock price falling over 16%. Ryan Fuhmann writes about the market's reaction for Motley Fool - reporting that Global Payments' "management summed it up well during this morning's second-quarter conference call. It conceded that "not overachieving expectations is a disappointment for some."
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