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Shift4 Surges In Subscription, Payments Revenue Despite Falling Short Of Q1 Expectations

Shift4 Payments, Inc (NYSE:FOUR) reported fiscal first-quarter 2024 gross revenue growth of 29% year-on-year to $707.4 million, missing the analyst consensus estimate of $755.6 million.  Adjusted EPS of 54 cents missed the analyst consensus estimate of 62 cents.  Payments-based revenue improved from $511 million a year ago to $655.1 million. Subscription revenue was $52.3 million, up from $36 million a year ago. Gross revenue minus ...