** Payment solutions provider Repay HoldingsRPAYShares rose 4% to $9.03 pre-market
** After the close on Thursday, RPAY reported ( link ) fourth-quarter adjusted net income of 27 cents an hour, compared with analysts' expectations of 21 cents an hour - LSEG data
** Fourth-quarter revenue rose 5% to $76 million, also above expectations of $70.4 million, driven by strong growth in consumer payments.
** Card payment volume fell 3% to $6.42 billion in the quarter compared with the same period last year.
** We ended the year seeing continued demand from our existing customers for the adoption of additional payment features," said CEO John Morris.
** RPAY forecast fiscal 2024 revenue in the range of $314 million to $320 million, compared with expectations of $318.4 million.
** Share price up 6.1% in 2023