ATLANTA (AP) _ Global Payments Inc. (GPN) on Wednesday reported fourth-quarter earnings of $102.8 million.

On a per-share basis, the Atlanta-based company said it had profit of 34 cents. Earnings, adjusted for one-time gains and costs, were $1.62 per share.

The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.

The electronics payment processing company posted revenue of $1.99 billion in the period. Its adjusted revenue was $1.8 billion, missing Street forecasts. Eight analysts surveyed by Zacks expected $2.16 billion.

For the year, the company reported profit of $430.6 million, or $2.16 per share. Revenue was reported as $4.59 billion.

Global Payments expects full-year earnings in the range of $7.43 to $7.62 per share, with revenue in the range of $7.68 billion to $7.75 billion.

Global Payments shares have increased 11% since the beginning of the year. The stock has climbed 75% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPN at https://www.zacks.com/ap/GPN

Automated Insights, source Associated Press News