News

Earnings Impacts Linger for Payments Stocks

Wall Street

In the biggest swings of the week, ACI Worldwide saw its shares move higher by 7.9 percent, and ending the period at $22.20, with fourth quarter results at $343 million in sales, compared to the Street at $312 million, and the earnings at 56 cents, while the Street had been at that amount.  Looking ahead, the company had forecast that bookings in 2017 should be up within the high single digits, which should help the top line for the current quarter come in at $250 million to $255 million, while consensus had been at $234 million.

Shares of Ingenico were up nearly four percent in the same week’s timeframe, with shares continuing to ride on the back of news that the company saw double digit growth during its fourth quarter in ePayment volumes. The latest news surrounding the company came earlier this month, where KrebsonSecurity.com said in a blog post that in some cases PIN skimmers were being used on Ingenico card readers.

Turning to declining issues, after a strong quarter that sent Square shares rocketing about 20 percent, the class A common of that company slipped a bit, down six percent on the week. The pullback might seem a rational one based on the heady rise, and there had been no company specific news in the wake of that event.  WEX shares were down a bit more than four percent, also with no headlines crossing the web in after earnings were reported a few weeks ago.

——————————–

Latest Insights: 

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. Check out our April 2019 Unattended Retail Report. 

Click to comment

TRENDING RIGHT NOW

To Top