FOUR - Why Shift4 Payments Stock Kicked It Into Fifth Gear Today
2023-11-08 14:36:31 ET
Shares of Shift4 Payments (NYSE: FOUR) jumped Wednesday after the fintech company reported its third-quarter results. The company is growing profitably and hitting financial records. And these are big reasons that Shift4 stock was up by about 13% as of 2:20 p.m. ET.
Shift4's fintech services can be used by many different kinds of businesses, but they're increasingly used by operators of large venues such as sports stadiums. The company even has a partnership with Amazon in stadiums .
In Q3, Shift4 grew its gross revenue by 23% year over year to $675 million. Its net income of $46.5 million was basically flat from the prior-year period, but it was still a quarterly record.
For further details see:
Why Shift4 Payments Stock Kicked It Into Fifth Gear Today