Repay Holdings rises after third-quarter results meet expectations

Repay Holdings

13/11/2024 18:44

** Shares of payments technology company Repay Holdings
 RPAY.O  jump as much as 10.9%; last up 2% at $8.97
    ** RPAY posted on Tuesday Q3 adjusted profit of 23
cents/shr, in line with Wall Street expectations, according to
data compiled by LSEG
    ** Q3 revenue rose 6.5% to $79.1 mln, also meeting analysts'
expectations
    ** RPAY now expects annual free flow conversion to be about
65%, higher than its prior expectation of about 60%
    ** Citi analysts say they continue to look for steady
execution at RPAY and better confidence in the forward growth
profile
    ** As of last close, RPAY shares up 2.9% YTD

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