Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of payment processor Global Payments
So what: Global Payments reported revenue of $440 million, up 7% from last year and in line with analyst estimates. The bottom line, however, showed earnings per share of $0.67 on an adjusted basis, not only down from last year, but short of the $0.69 that Wall Street was hoping for. There are few ways to better inspire investor ire than by missing earnings estimates.
Now what: Global Payments connects merchants with the card networks for Visa
Interested in more info on Global Payments? Add it to your watchlist by clicking here.
Discover Financial Services is a Motley Fool Inside Value recommendation. Try any of our Foolish newsletter services free for 30 days. True to its name, The Motley Fool is made up of a motley assortment of writers and analysts, each with a unique perspective; sometimes we agree, sometimes we disagree, but we all believe in the power of learning from each other through our Foolish community.
Fool contributor Matt Koppenheffer does not own shares of any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or on his RSS feed. The Fool's disclosure policy assures you no Wookiees were harmed in the making of this article.