Priority Technology rises on upbeat annual revenue forecast

Priority Technology Holdings

12/03/2024 14:53

** Shares of payments solutions provider Priority Technology
Holdings  PRTH.O  rise as much as 11.8%, last up 8.5% at $3.4 in
early trade
    ** Co sees FY 2024 revenue between $875 mln and $890 mln,
above analysts' expectation of $855.3 mln - LSEG data
    ** Q4 revenue jumps 12.2% to $199.3 mln, driven by strength
in the B2B payments segment
    ** Revenue from the B2B payments segment during the quarter
rose more than seven-fold to $21.2 mln compared to prior-year
quarter
    ** Q4 loss widened to 16 cents/shr from 15 cents/shr last
year
    ** As of last close, stock down 12.1% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))