Priority Technology reports Q3 EPS (16c), consensus (14c)

Reports Q3 revenue $189.01M, consensus $191.71M….Adjusted gross profit margin of 38.3% increased 310 basis points from 35.2% Operating income of $23.5 M increased 66.7% from $14.1 M omentum we saw in the first half of the year, during the third quarter we continued to execute in all three segments of our business, delivering strong results in SMB Acquiring, B2B and Enterprise Payments,” said Tom Priore, Chairman & CEO of Priority. “We are delivering on the promise of unified commerce with clear and sustainable financial performance, as clearly evidenced in our results throughout the tumultuous economic environments like the pandemic and today. We have invested thoughtfully in technology and built scalable operations and financial resources that will continue to outperform as market demands evolve.”