ALLENTOWN, Pa. (AP) — ALLENTOWN, Pa. (AP) — Shift4 Payments, Inc. (FOUR) on Tuesday reported fourth-quarter net income of $29.2 million, after reporting a loss in the same period a year earlier.
The Allentown, Pennsylvania-based company said it had profit of 46 cents per share. Earnings, adjusted for one-time gains and costs, were 47 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.
The company posted revenue of $537.7 million in the period. Its adjusted revenue was $199.4 million, missing Street forecasts. Four analysts surveyed by Zacks expected $201.9 million.
For the year, the company reported net income of $75.1 million, or $1.05 per share, swinging to a profit in the period. Revenue was reported as $727.5 million.
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