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.
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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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