BOSTON (AP) — Flywire Corporation (FLYW) on Thursday reported third-quarter profit of $38.9 million.
The Boston-based company said it had profit of 30 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The payments company posted revenue of $156.8 million in the period. Its adjusted revenue was $151.4 million, also beating Street forecasts. Seven analysts surveyed by Zacks expected $146.4 million.
For the current quarter ending in December, Flywire expects its revenue less ancillary services to range from $118 million to $124 million.
The company expects full-year fiscal 2024 revenue less ancillary services in the range of $479 million to $485 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FLYW at https://www.zacks.com/ap/FLYW
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This story has been updated to correct that the company expects expects its revenue less ancillary services to range from $118 million to $124 million in the current quarter and between $479 million to $485 million in fiscal 2024. Not that it expects per share earnings ranging from $118 to $124 in the current quarter and between $479 to $485 in fiscal 2024.
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