Shares in Dutch payments processor Adyens fell by over a quarter on Thursday after its first-half earnings missed analysts’ estimates and the company’s medium-term targets. It cited slower growth in North America, ongoing hiring costs, and rising inflation and interest rates, which it said weighed on margins. Its margin on earnings before interest, tax, depreciation, and amortization (EBITDA) was 43% in the first half, below an average forecast of 48.6% in a Bloomberg survey of analysts. The sharp selloff in the stock highlights analysts’ concerns about stretched valuations in the digital payments sector and worries about a slowdown in what … Continue reading Adyen’s Slowdown in North America Weighs on Earnings