BUZZ-Repay Holdings rises after third-quarter results meet expectations

Reuters11-14

** Shares of payments technology company Repay Holdings RPAY.O jump as much as 10.9%; last up 2% at $8.97

** RPAY posted on Tuesday Q3 adjusted profit of 23 cents/shr, in line with Wall Street expectations, according to data compiled by LSEG

** Q3 revenue rose 6.5% to $79.1 mln, also meeting analysts' expectations

** RPAY now expects annual free flow conversion to be about 65%, higher than its prior expectation of about 60%

** Citi analysts say they continue to look for steady execution at RPAY and better confidence in the forward growth profile

** As of last close, RPAY shares up 2.9% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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