Payoneer Global Inc. (PAYO) reported a profit for first quarter that decreased from last year and missed the Street estimates.
The company's earnings came in at $20.57 million, or $0.05 per share. This compares with $28.97 million, or $0.08 per share, last year.
Analysts on average had expected the company to earn $0.09 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 8.1% to $246.61 million from $228.18 million last year.
Payoneer Global Inc. earnings at a glance (GAAP) :
-Earnings: $20.57 Mln. vs. $28.97 Mln. last year.
-EPS: $0.05 vs. $0.08 last year.
-Revenue: $246.61 Mln vs. $228.18 Mln last year.
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