Shift4 Payments lowers annual profit guidance and total revenue target
FOUR Shift4 Payments Inc
$43.73 -2.84%
View chart & analysis → - 1Shift4 Payments has lowered its annual profit guidance and total revenue target.
- 2Shift4 recorded a $2.5 billion acquisition cost for Global Blue and $1 billion in debt assumed during the acquisition last year.
- 3Shift4's stock price has fallen by approximately 36% over the past year.
So what's the key point?
Shift4 Payments has lowered its targets for annual revenue and profit. The company took on large costs and debt to acquire another company, and its stock price has dropped by about 36%.
Source Payments Dive · View original ↗
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