Remitly Global Shares Fall Following Q3 Results

MT Newswires Live11-07

Remitly Global (RELY) shares fell 24% in recent Thursday trading after the company posted Q3 results, issued Q4 outlook and updated full-year guidance.

The digital financial service provider reported Q3 earnings late Wednesday of $0.04 per diluted share, up from $0.01 a year earlier. Four analysts polled by FactSet expected $0.03.

Revenue for the quarter ended Sept. 30 was $419.5 million, up from $336.5 million a year earlier. Analysts surveyed by FactSet expected $413.7 million.

The company said that for fiscal year 2025, it expects total revenue between $1.619 billion and $1.621 billion, compared with its previous forecast of $1.610 billion to $1.620 billion. Analysts surveyed by FactSet expect $1.620 billion.

For Q4, the company anticipates revenue between $426 million and $428 million. Analysts polled by FactSet expect $427.9 million.

Price: 12.49, Change: -3.96, Percent Change: -24.06

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