Why Shift4 Payments (FOUR) Stock Is Tumbling Today - Shift4 Payments (NYSE:FOUR)

Shift4 Payments, Inc FOUR reported first-quarter FY23 gross revenue growth of 36% year-on-year to $547 million, beating the consensus of $524.98 million.
Payments-based revenue improved from $371.5 million a year ago to $511 million.
Subscription revenue was $36 million, up from $30.4 million a year ago.
Gross revenue minus network fees were up 34.4% Y/Y to $200 million.
End-to-end payment volume climbed 66% Y/Y to $22.3 billion.
Adjusted EPS of $0.51 beat the consensus of $0.36.
Adjusted EBITDA improved 102% Y/Y to $89.3 million. The margin expanded by 1,500 bps to 45%.
Buyback: The board approved a buyback of up to $250 million.
Outlook: Shift4 boosted FY23 gross revenue guidance to $2.55 billion - $2.70 billion, up from $2.50 billion -$2.70 billion versus the consensus of $2.66 billion.
Shift4 raised FY23 Gross revenue minus network fees to $920 billion - $955 billion, up from $915 million - $955 million.
Price Action: FOUR shares traded lower by 8.53% at $60.22 on the last check Thursday.

Overview Rating:

Speculative

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Why Shift4 Payments Stock Is Tumbling Today