Stock Track | Payoneer Soars on Strong Q3 Results and Raised Guidance

Stock Track11-06

Payoneer Global Inc. (PAYO) experienced a significant pre-market surge of 6.31% on November 6, 2024, driven by the company's outstanding third-quarter 2024 financial performance and upward revision of its full-year guidance.

In the third quarter, Payoneer reported record quarterly volume of $20.4 billion, representing a robust 25% year-over-year increase, fueled by a remarkable 57% surge in B2B transaction volume. The company's quarterly revenue grew by 24% to $248.27 million, exceeding analysts' estimates of $225.48 million. Additionally, Payoneer delivered an impressive earnings per share (EPS) of $0.11, significantly outpacing the consensus estimate of $0.04.

Buoyed by the strong performance, Payoneer raised its 2024 revenue guidance to a range of $950 million to $960 million, up from the previous range of $920 million to $930 million, and surpassing analysts' expectations of $928.71 million. Furthermore, the company increased its 2024 adjusted EBITDA guidance to between $255 million and $265 million, reflecting improving profitability.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1193435110?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-06 19:14","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1193435110","market":"us","top_or_hot":-1,"title":"Stock Track | Payoneer Soars on Strong Q3 Results and Raised Guidance","media":"Stock Track","content":"<p>Payoneer Global Inc. (PAYO) experienced a significant pre-market surge of 6.31% on November 6, 2024, driven by the company's outstanding third-quarter 2024 financial performance and upward revision of its full-year guidance.</p>\n\n<p>In the third quarter, Payoneer reported record quarterly volume of $20.4 billion, representing a robust 25% year-over-year increase, fueled by a remarkable 57% surge in B2B transaction volume. The company's quarterly revenue grew by 24% to $248.27 million, exceeding analysts' estimates of $225.48 million. Additionally, Payoneer delivered an impressive earnings per share (EPS) of $0.11, significantly outpacing the consensus estimate of $0.04.</p>\n\n<p>Buoyed by the strong performance, Payoneer raised its 2024 revenue guidance to a range of $950 million to $960 million, up from the previous range of $920 million to $930 million, and surpassing analysts' expectations of $928.71 million. Furthermore, the company increased its 2024 adjusted EBITDA guidance to between $255 million and $265 million, reflecting improving profitability.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Payoneer Soars on Strong Q3 Results and Raised Guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Payoneer Soars on Strong Q3 Results and Raised Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-06 19:14 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Payoneer Global Inc. (PAYO) experienced a significant pre-market surge of 6.31% on November 6, 2024, driven by the company's outstanding third-quarter 2024 financial performance and upward revision of...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PAYO","symbol_name":"Payoneer Global Inc.","start_time":0,"source_url":"","article_id":"1193435110","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1193435110","pubTimestamp":1730891666,"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":"Payoneer Global Inc.  experienced a significant pre-market surge of 6.31% on November 6, 2024, driven by the company's outstanding third-quarter 2024 financial performance and upward revision of its full-year guidance.In the third quarter, Payoneer reported record quarterly volume of $20.4 billion, representing a robust 25% year-over-year increase, fueled by a remarkable 57% surge in B2B transaction volume. The company's quarterly revenue grew by 24% to $248.27 million, exceeding analysts' estim","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PAYO":"Payoneer Global Inc."},"translate_title":"股票跟踪Payoneer因强劲的第三季度业绩和上调指引而飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PAYO":1},"content_text":"Payoneer Global Inc. (PAYO) experienced a significant pre-market surge of 6.31% on November 6, 2024, driven by the company's outstanding third-quarter 2024 financial performance and upward revision of its full-year guidance.\nIn the third quarter, Payoneer reported record quarterly volume of $20.4 billion, representing a robust 25% year-over-year increase, fueled by a remarkable 57% surge in B2B transaction volume. The company's quarterly revenue grew by 24% to $248.27 million, exceeding analysts' estimates of $225.48 million. Additionally, Payoneer delivered an impressive earnings per share (EPS) of $0.11, significantly outpacing the consensus estimate of $0.04.\nBuoyed by the strong performance, Payoneer raised its 2024 revenue guidance to a range of $950 million to $960 million, up from the previous range of $920 million to $930 million, and surpassing analysts' expectations of $928.71 million. Furthermore, the company increased its 2024 adjusted EBITDA guidance to between $255 million and $265 million, reflecting improving profitability.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1193435110"}