07:54 AM EDT, 05/09/2024 (MT Newswires) -- Shift4 Payments ( FOUR ) reported Q1 adjusted net income Thursday of $0.54 per diluted share, up from $0.51 a year earlier.

Analysts polled by Capital IQ expected $0.62.

Revenue for the quarter ended March 31 was $707.4 million, up from $547 million a year earlier.

Analysts surveyed by Capital IQ expected $751 million.

Shares of the payment processing platform were down more than 7% in recent Thursday premarket activity.

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