CENTER VALLEY, Pa. - Shift4 Payments (NYSE:FOUR), a leader in integrated payments and commerce technology, reported second quarter earnings that surpassed analyst expectations, while shares dipped slightly in response.
Following the earnings release, Shift4's stock price declined by 0.8%.
The company posted adjusted earnings per share of $0.96, exceeding the analyst estimate of $0.86 by $0.10. Revenue for the quarter came in at $320.6 million, topping the consensus estimate of $314.18 million.
Jared Isaacman, CEO of Shift4, commented on the results, saying, "Our strong performance this quarter demonstrates the continued execution of our growth strategy and the value we bring to our customers across various industries."
Shift4 said it continues to focus on simplifying complex payment ecosystems globally, powering billions of transactions annually for hundreds of thousands of businesses across multiple sectors.
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