Why Shift4 Payments Stock Is Soaring Today

Shift4 Payments, Inc (NYSE: FOUR) reported third-quarter FY23 gross revenue growth of 23% year-on-year to $675.4 million, beating the consensus of $$703.3 million. Adjusted EPS of $0.82 beat the consensus of $0.69.

Payments-based revenue of the American payment processing company improved from $509.0 million a year ago to $626.9 million.

Subscription revenue was $48.5 million, up ...

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