Shift4 Stock Plunges 16% After Reporting Lower Q2 Profit Despite Revenue Growth

(RTTNews) - Shift4 Payments, Inc. (FOUR) shares tumbled 16.46 percent to $85.38 on Tuesday after the company posted second-quarter results that showed a decline in net income despite higher revenue. Revenue rose to $966.2 million from $827.0 million a year ago, but net income dropped to $41.1 million from $54.5 million in the same period of 2024.

The stock opened at $93.89 and fell as low as $83.10 during the session on the New York Stock Exchange. Trading volume soared to 7.7 million shares, well above the average of 1.3 million. Shift4 is now trading near the lower end of its 52-week range of $61.09 to $127.50.