- Shift4 Payments, Inc FOUR reported gross sales growth of 45% year over year to $547.3 million in the third quarter of fiscal 22, miss the consensus of $550.4 million.
- Gross revenue excluding network fees increased 33% year over year to $196.7 million.
- End-to-end payment volume grew 53% year over year to $20.6 billion.
- Adjusted earnings per share of $0.44 beat consensus of $0.43.
- Adjusted EBITDA improved 53% year over year to $85.4 million. The distance expanded by 700 bps Q/Q to 43%.
- Outlook: Shift4 has narrowed its FY22 gross revenue guidance to $1.95 billion to $2.0 billion, versus $1.9 billion to $2.0 billion, below consensus of $2.01 billion.
- Adjusted EBITDA guidance has been raised to $275-280 million from $255-265 million.
- Price promotion: FOUR shares traded 6.00% lower at $37.73 on the latest check Monday.
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