Pushpay shares rise as cost-cutting upgrades earnings guidance

Thu, 19 Sep 2019

By Victoria Young Sept. 20 (BusinessDesk) - Pushpay Holdings shares rise 2.7 percent after it lifted earnings guidance for 2020 by stripping out costs. The digital church collection payment operator estimates earnings before interest, tax, depreciation, amortisation and foreign currency movements for the year ending March 31 2020 will come in at US$23-25 million. Earlier guidance predicted earnings of US$18.5-20.5 million. This is despite fewer new customers in 2020, which has seen Pushpay today lower operating revenue guidance to US...

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