Lightspeed Commerce's Fiscal Q4 Adjusted Earnings Decline, Revenue Increases

MT Newswires Live05-21

Lightspeed Commerce (LSPD) reported fiscal Q4 adjusted earnings Thursday of $0.08 per diluted share, down from $0.10 a year earlier.

Analysts polled by FactSet expected $0.11.

Revenue for the quarter ended March 31 was $290.8 million, compared with $253.4 million a year earlier.

Analysts polled by FactSet expected $282.9 million.

The Toronto Stock Exchange has approved the renewal of Lightspeed's normal course issuer bid for the purchase of up to about 8.5 million subordinate voting shares for cancellation, effective for a year through May 24, 2027, the company said.

Shares of Lightspeed Commerce were down more than 3% premarket Thursday.

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