Shift4 Payments: Q3 Earnings Snapshot

CENTER VALLEY, Pa. (AP) — CENTER VALLEY, Pa. (AP) — Shift4 Payments, Inc. (FOUR) on Thursday reported third-quarter net income of $38 million.

On a per-share basis, the Center Valley, Pennsylvania-based company said it had profit of 37 cents. Earnings, adjusted for one-time gains and costs, came to $1.49 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.

The company posted revenue of $1.32 billion in the period. Its adjusted revenue was $648 million, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $650.3 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FOUR at https://www.zacks.com/ap/FOUR