Shift4 Payments, Inc. (FOUR) saw its shares tumble 9.29% in after-hours trading on Tuesday, following the release of its mixed fourth-quarter 2024 earnings results and uncertainty around its future outlook.
The integrated payments and commerce technology company reported adjusted earnings of $1.35 per share for the fourth quarter, beating analysts' expectations of $1.16 per share. However, its adjusted revenue of $405 million fell slightly short of the consensus estimate of $405.4 million.
While Shift4's earnings surpassed expectations, investors seemed concerned about the company's ability to sustain growth amid macroeconomic headwinds and intensifying competition in the payments industry. The company did not provide specific guidance for the upcoming quarters, adding to the uncertainty surrounding its future performance.
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