Payoneer Global Inc. (PAYO) announced earnings for its third quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $41.574 million, or $0.11 per share. This compares with $12.825 million, or $0.03 per share, in last year's third 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 19.3% to $248.274 million from $208.035 million last year.
Payoneer Global Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $41.574 Mln. vs. $12.825 Mln. last year.
-EPS (Q3): $0.11 vs. $0.03 last year.
-Revenue (Q3): $248.274 Mln vs. $208.035 Mln last year.
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