Global Payments Inc. boosted its earnings outlook for the year and reported results easily topped expectations in the latest quarter as its Heartland Payment Systems Inc. integration progresses.

The payment-technology company's shares rose 3.2% premarket to $78.85.

Chief Executive Jeff Sloan said fiscal 2017 is off to a "terrific start, with organic growth accelerating sequentially across our key markets in the first quarter." He said the integration of Heartland—which it agreed to buy last December in a $3.8 billion cash-and-stock deal, expanding its reach among midsize and small merchants—is tracking ahead of expectations and Heartlead continues strong growth momentum in the U.S.

For the fiscal year ending in May, Global Payments now expects earnings of $3.45 to $3.55 a share, up from its previous guidance for $3.40 to $3.50 a share. The company backed its top-line guidance.

In all for the August quarter, Global Payments posted a profit of $85.1 million, or 55 cents a share, down from $86.6 million, or 66 cents a share, a year earlier. Revenue grew 25% to $939.5 million.

Excluding certain items, earnings rose to 86 cents a share from 79 cents. Adjusted net revenue surged 52% to $817.3 million. Analysts polled by Thomson Reuters were looking for adjusted earnings of 83 cents a share on $815.2 million in adjusted revenue.

Write to Anne Steele at Anne.Steele@wsj.com

(END) Dow Jones Newswires

October 05, 2016 09:55 ET (13:55 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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