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GAAP revenues were $1.904 billion, compared to $883 million in the first quarter of 2019; diluted earnings per share were $0.48 compared to $0.71 in the prior year; and operating margin was 12.8%.
Adjusted net revenue grew to $1.729 billion, compared to $1.725 billion in the first quarter of 2019 on a combined basis.
Adjusted earnings per share grew 18% to $1.58, compared to $1.34 in the first quarter of 2019.
Adjusted operating margin of 39.0% expanded 300 basis points on a combined basis.
The following information was filed by Global Payments Inc (GPN) on Wednesday, May 6, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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