Paysafe rises after hiking full-year revenue forecast

Paysafe

13/08/2024 16:27

** Payments processing company Paysafe's  PSFE.N  shares up
5.84% at $20.49 after it raises full-year revenue forecast
    ** Co now expects 2024 revenue in the range of $1.71 bln to
$1.73 bln, compared with the $1.69 bln to $1.71 bln range it
forecast earlier
    ** Revenue in Q2 rose to $439.9 mln, beating analysts'
expectations of $425.3 mln, according to IBES estimates
    ** Beat helped by strong growth in PSFE's merchant solutions
unit
    ** Net loss narrowed to $0.02 per share in Q2 vs $0.03 per
share last year
    ** YTD, stock has climbed 5.12% including session gains

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.srivastava2@thomsonreuters.com))