Shift4 Payments Stock Surges On Q2 Performance: Here's Why
Portfolio Pulse from Anusuya Lahiri
Shift4 Payments, Inc (NYSE:FOUR) reported Q2 FY23 gross revenue growth of 26% YoY to $637 million, beating the consensus of $630.97 million. Adjusted EPS of $0.74 also beat the consensus of $0.51. The company raised its FY23 gross revenue guidance to $2.60 billion - $2.70 billion. FOUR shares traded higher by 3.54% at $66.02 premarket on the last check Thursday.
August 04, 2023 | 1:28 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Shift4 Payments reported strong Q2 FY23 results, beating revenue and EPS consensus, and raised its FY23 revenue guidance. This positive news led to a premarket increase in the company's stock price.
Shift4 Payments reported strong Q2 FY23 results, with both revenue and EPS beating consensus estimates. The company also raised its FY23 revenue guidance. This positive news is likely to increase investor confidence and demand for the stock, leading to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100