Shift4 Payments (FOUR) early Tuesday reported January-quarter earnings and revenue that topped estimates. Revenue guidance for Shift4 stock came in above Wall Street’s targets. FOUR stock jumped on the news.
Shift4 earnings for its fiscal fourth quarter jumped 480% from a year earlier to an adjusted 47 cents per share. Revenue rose 36% to $199.4 million.
A year earlier, the digital payment processor earned 8 cents a share on sales of $147 million.
Shift4 stock analysts had projected earnings of 37 cents a share on sales of $198 million for the period ended Jan. 31.
For fiscal 2024, Shift4 said it expects revenue of $935 million at the midpoint of guidance versus estimates of $925.5 million.
FOUR Stock: Europe Reviewing Acquisition
Shift4 stock rose 8.7% to near 62 in early trading on the stock market today, signaling a move back above the 50-day moving average.
Shift4 stock had advanced nearly 2% in 2023 before the Q4 earnings release.
European regulators are still reviewing Shift4’s acquisition of Finaro.
Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on 5G wireless, artificial intelligence, cybersecurity and cloud computing.
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