Flywire: Q1 Earnings Snapshot
BOSTON (AP) — BOSTON (AP) — Flywire Corporation (FLYW) on Tuesday reported a loss of $4.2 million in its first quarter.
On a per-share basis, the Boston-based company said it had a loss of 3 cents. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, were 3 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The payments company posted revenue of $133.5 million in the period. Its adjusted revenue was $128.7 million, also beating Street forecasts. Six analysts surveyed by Zacks expected $122.9 million.
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