Payoneer Global Inc. (PAYO) released earnings for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $29.00 million, or $0.08 per share. This compares with $7.94 million, or $0.02 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.05 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 18.8% to $228.18 million from $192.01 million last year.
Payoneer Global Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $29.00 Mln. vs. $7.94 Mln. last year.
-EPS (Q1): $0.08 vs. $0.02 last year.
-Revenue (Q1): $228.18 Mln vs. $192.01 Mln last year.
-Guidance:
Full year revenue guidance: $895 Mln-$905 Mln
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