Shares of Riskified Ltd. (RSKD) surged 7.78% in pre-market trading on Wednesday following the release of the company's impressive third-quarter financial results and improved full-year guidance.
The ecommerce fraud prevention company reported adjusted earnings per share of $0.04 for Q3, surpassing the FactSet consensus estimate of $0.03. This represents a 33.33% increase from the same period last year. Riskified's revenue for the quarter came in at $81.862 million, beating analyst expectations of $80.252 million by 2.01% and marking a 3.82% year-over-year growth.
Investors were particularly encouraged by Riskified's accelerated gross profit growth and the company's optimistic outlook. The firm narrowed and raised its full-year 2025 revenue guidance to a range of $338 million to $346 million, up from its previous forecast of $336 million to $346 million. Additionally, Riskified reported strong performance in its Money Transfer and Payments category, with both its top new client and largest upsell of the quarter coming from this segment. The company's focus on artificial intelligence and its expanding product offerings appear to be resonating well with the market, driving the positive sentiment among investors in pre-market trading.
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