Payment processing stocks reported mixed second-quarter results, with the four companies tracked by the article collectively beating revenue consensus estimates by 2% but seeing their share prices fall an average of 3.1% since reporting. Jack Henry posted revenue of $633.1 million, up 6.6% year over year and 1.3% above expectations, with full-year EPS guidance slightly topping estimates, and its stock rose 8.6% to $166.32. EVERTEC delivered the biggest analyst estimate beat and highest full-year guidance raise of the group, with revenue of $274.8 million, up 19.7% year over year and 4.4% above consensus, yet its stock fell 8.2% to $29.89. Fiserv was the weakest performer, with revenue of $4.96 billion, down 4.5% year over year and 1.7% below expectations, missing EPS estimates and full-year guidance, and its stock declined 2.8% to $52.57. Shift4 reported revenue of $1.30 billion, up 34% year over year and 4% above consensus, but its full-year revenue and EPS guidance significantly missed expectations, and its stock dropped 9.9% to $48.10.
Evertec IncRevenue beat and guidance raise but stock fell 8.2%
Fiserv, Inc.Revenue miss, EPS miss, guidance miss, stock fell 2.8%
Shift4 Payments IncRevenue beat but guidance miss, stock fell 9.9%
Jack Henry & Associates IncRevenue beat and guidance raise, stock rose 8.6%
