Shift4 Payments Misses Revenue Estimates In Q3, Lowers Payment Volume Guidance As Stock Drops

Shift4 Payments, Inc (NYSE:FOUR) reported fiscal third-quarter 2024 gross revenue growth of 35% year-on-year to $909.20 million, missing the analyst consensus estimate of $971.35 million. 

The payment processing company's adjusted EPS of $1.04 missed the analyst consensus estimate of $1.07. The stock tanked after the print.

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Payments-based revenue improved from $626.9 million ...