Stock Track | Repay Holdings Stock Drops 6.5% After Q2 Earnings Miss

Stock Track08-09

Shares of Repay Holdings Corporation (RPAY) plunged 6.5% in intraday trading on Monday, following the company's disappointing second-quarter earnings report. The payment processing company missed analysts' estimates for both earnings and revenue during the quarter.

According to the earnings release, Repay reported a GAAP loss per share of $0.04, missing the consensus estimate by $0.01. The company's revenue for the quarter came in at $74.9 million, an increase of 4.3% year-over-year but still missing analysts' expectations by $1.21 million.

Despite the weaker-than-expected Q2 performance, Repay reiterated its full-year 2024 outlook, projecting revenue between $314 million and $320 million, gross profit between $245 million and $250 million, adjusted EBITDA between $139 million and $142 million, and a free cash flow conversion rate of approximately 60%.

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The payment processing company missed ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RPAY","symbol_name":"Repay Holdings Corporation","start_time":0,"source_url":"","article_id":"1137515253","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1137515253","pubTimestamp":1723210741,"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Repay Holdings Corporation  plunged 6.5% in intraday trading on Monday, following the company's disappointing second-quarter earnings report. 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