We recently published 10 Big Names Bleed Double Digits. Shift4 Payments, Inc. (NYSE:FOUR) is one of the worst-performing stocks on Tuesday.
Shift5 Payments fell back below the $100 territory on Tuesday, closing 15.43 percent lower at $86.43 apiece as investor sentiment was dampened by a disappointing earnings performance in the second quarter of the year.
In its earnings release, Shift4 Payments, Inc. (NYSE:FOUR) said net income attributable to shareholders declined by 37.5 percent to $24.5 million from $39.2 million in the same period last year. Gross revenues, however, increased by 16.8 percent to $966.2 million from $827 million year-on-year. Analysts expected the company to post $982.95 million in revenues.
Attributable net income also decreased by 31 percent to $41.2 million from $59.8 million, while gross revenues grew by 20 percent to $1.8 billion from $1.5 billion year-on-year.
For full-year 2025, Shift4 Payments, Inc. (NYSE:FOUR) targets to hit $1.965 billion to $2.035 billion in revenues, or 45-50 percent higher year-on-year.
In the third quarter alone, gross revenues are expected to hit $590 million.
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