Stock Track | Remitly Global Soars 16% After Reporting Better-Than-Expected Q3 Earnings

Stock Track

Oct 31, 2024

Shares of Remitly Global Inc. (NASDAQ: RELY) surged 16.32% in after-hours trading on Tuesday after the digital remittance company reported strong third-quarter results that exceeded Wall Street's expectations.

For the quarter ended September 30, 2024, Remitly posted earnings of $0.01 per share, beating analysts' consensus estimate of a $0.07 loss per share. Revenue came in at $336.53 million, up 39.27% year-over-year and surpassing the $320.74 million projected by analysts.

The company also raised its full-year 2024 revenue guidance to a range of $1.25 billion to $1.254 billion, compared to the previous estimate of $1.244 billion. For the fourth quarter of 2024, Remitly expects revenue between $338 million and $342 million, above the consensus estimate of $320.74 million.

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(NASDAQ: RELY) surged 16.32% in after-hours trading on Tuesday after the digital remittance company reported strong third-quarter results that exceeded Wall Street's expectations.</p>\n\n<p>For the quarter ended September 30, 2024, Remitly posted earnings of $0.01 per share, beating analysts' consensus estimate of a $0.07 loss per share. Revenue came in at $336.53 million, up 39.27% year-over-year and surpassing the $320.74 million projected by analysts.</p>\n\n<p>The company also raised its full-year 2024 revenue guidance to a range of $1.25 billion to $1.254 billion, compared to the previous estimate of $1.244 billion. For the fourth quarter of 2024, Remitly expects revenue between $338 million and $342 million, above the consensus estimate of $320.74 million.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RELY","symbol_name":"Remitly Global, Inc.","start_time":0,"source_url":"","article_id":"1165478135","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1165478135","pubTimestamp":1730320404,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Remitly Global Inc.  surged 16.32% in after-hours trading on Tuesday after the digital remittance company reported strong third-quarter results that exceeded Wall Street's expectations.For the quarter ended September 30, 2024, Remitly posted earnings of $0.01 per share, beating analysts' consensus estimate of a $0.07 loss per share. 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