Why Shift4 Payments Stock Is Soaring Today
Portfolio Pulse from Anusuya Lahiri
Shift4 Payments, Inc (NYSE:FOUR) reported Q3 FY23 gross revenue growth of 23% YoY to $675.4 million, beating the consensus of $703.3 million. Adjusted EPS of $0.82 beat the consensus of $0.69. The company revised its FY23 gross revenue guidance to $2.60 billion - $2.63 billion. However, FOUR shares traded lower by 13.40% at $53.95 on the last check Wednesday.
November 08, 2023 | 7:35 pm
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Shift4 Payments reported strong Q3 FY23 results, beating revenue and EPS consensus. However, the company's shares traded lower, possibly due to revised FY23 gross revenue guidance.
Shift4 Payments reported strong Q3 FY23 results, beating both revenue and EPS consensus. This is generally a positive signal for the company's performance. However, the company's shares traded lower, which could be due to the revised FY23 gross revenue guidance. Investors might have reacted negatively to this revision, leading to the drop in the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100