Shift4 Payments: Q1 Earnings Snapshot
ALLENTOWN, Pa. (AP) _ Shift4 Payments, Inc. (FOUR) on Thursday reported a loss of $7.5 million in its first quarter.
On a per-share basis, the Allentown, Pennsylvania-based company said it had a loss of 13 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 15 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The company posted revenue of $401.9 million in the period. Its adjusted revenue was $148.8 million, which also topped Street forecasts. Four analysts surveyed by Zacks expected $140.9 million.