By Dean Seal
Shares of Payoneer Global fell after the company's fourth-quarter earnings missed analyst projections.
The stock was down 10% at $9.15 in early trading. Shares were changing hands at $5.56 this time a year ago.
The payment platform for small businesses reported a profit of five cents a share for the fourth quarter. Analysts polled by FactSet had been expecting six cents a share.
The small miss is likely driving shares lower, Benchmark analyst Mark Palmer said in a research note. Otherwise, the company's results were strong. Revenue topped expectations, as did guidance for 2025.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
February 27, 2025 10:36 ET (15:36 GMT)
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