Shift4 Payments Q2 Earnings: Revenue Surges 30%, Subscription Revenue Doubles
Portfolio Pulse from Anusuya Lahiri
Shift4 Payments (NYSE:FOUR) reported a 30% year-on-year revenue increase for Q2 2024, reaching $827 million, though it missed the analyst consensus of $857.23 million. The company's adjusted EPS of 96 cents beat the consensus estimate of 86 cents. Payments-based revenue and subscription revenue saw significant growth, and the stock gained 7.62% following the earnings report.
August 08, 2024 | 1:50 pm
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Shift4 Payments reported a 30% increase in Q2 2024 revenue to $827 million, missing analyst estimates. Adjusted EPS of 96 cents beat expectations. Payments-based and subscription revenues saw significant growth. The stock rose 7.62% post-earnings.
Despite missing revenue estimates, Shift4 Payments' strong EPS performance and significant growth in payments-based and subscription revenues positively impacted investor sentiment, leading to a 7.62% increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100