By Elias Schisgall
Shares of Paysafe climbed after the company's adjusted earnings in the fourth quarter beat Wall Street expectations, despite swinging to a loss.
Shares were up 23% to $7.62 on Tuesday. The stock has fallen 60% in the past year.
The financial technology company on Tuesday reported a loss of $25.2 million, or 45 cents a share, compared with a profit of $33.5 million, or 54 cents a share, a year earlier.
Stripping out certain one-time items, the company reported adjusted earnings of 46 cents a share. Analysts surveyed by FactSet were expecting 36 cents a share.
Revenue rose to $438.4 million from $420.1 million. Analysts were expecting $441 million in revenue.
For the current year, the company is projecting revenue between $1.79 billion and $1.83 billion, with adjusted earnings between $2.12 and $2.32 a share.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
March 03, 2026 14:47 ET (19:47 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments