Why Shift4 Payments Stock Popped Today

Payment processing solutions company Shift4 Payments (NYSE: FOUR) surged ahead 10% through 11 a.m. ET Tuesday after reporting mixed earnings this morning.On one hand, Shift4 beat earnings forecasts soundly, reporting $1.07 per share in adjusted profit, where Wall Street expected only $0.95. On the other hand, revenue came up short. The company recorded $848.3 million, less than the $862 million analysts had forecast. Company president Taylor Lauber boasted record payment volume in the year's first quarter, $45 billion, calling payment volumes "healthy" and noting "recent political commentary and capital markets volatility have not translated into reduced consumer spending across our merchants."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool