Shift4 slides after cutting annual revenue forecast
BUZZ-Shift4 slides after cutting annual revenue forecast ** Shift4 FOUR.N shares slide 12.4% to $46.79 premarket
** The payments firm cut FY 2026 outlook for gross revenue, without network fees
** Midpoint of revised range down ~200 bps, reflecting ~$25 million hit from Middle East-related travel disruptions and roughly $20 million of FX translation impact
** FOUR also included impact of recent financings in free cash flow and EPS outlook
** Conflict continues to hurt tax-free shopping; slightly better-than-anticipated Q2 - CEO Taylor Lauber
** As of last close, stock down 15.2% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
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Shift4 Payments, Inc. reports results for the quarter ended June 30 - Earnings Summary
Shift4 Payments shares slump after company cuts annual revenue, profit forecasts