🔴 Shift4 Payments is trading 16.58% down in pre-market after Q3 revenue miss and lower guidance

Shift4 Payments is trading at $37.39 after a -16.58% move, as Q3 net revenue missed analyst estimates and the company lowered full-year guidance.

• Q3 net revenue was $648 million, below the $653.2 million analyst estimate; the release was scheduled before the market open on November 5.
• Travel disruptions affected Tax-Free Shopping, alongside persistent same-store sales pressure.
• Payments-based revenue grew 18% year over year, while adjusted free cash flow reached a quarterly record.