Priority Technology reports Q2 EPS (16c), consensus (12c)

Reports Q2 revenue $182.29M , consensus $188.48M. “Consistent with the first few months of the year, we continued to deliver strong results as we executed our unified commerce vision combining payments and banking on a single platform, enhanced by the strength of our counter cyclical business lines that were positioned to benefit from higher interest rates and weakening macroeconomic trends,” said Tom Priore, Chairman & CEO of Priority. “We continue to invest thoughtfully, as our recent acquisition of Plastiq demonstrates, to deliver differentiated solutions to our business and integrated software clients that accelerate cash flow and optimize working capital, which will drive consistent long-term performance for our shareholders.”