In section Market Quotes
Paysign shares jumped 12% to $14.00 in after-hours trading Monday after the company reported third-quarter results above analyst expectations and raised its full-year earnings-per-share outlook. The company kept its revenue forecast unchanged.
Paysign earned $6.7 million, or 11 cents a share, in the third quarter, compared with $2.2 million, or 4 cents a share, a year earlier. Revenue increased to $30.8 million from $21.6 million.
Analysts surveyed by FactSet had expected earnings of 9 cents a share on revenue of $29 million. Paysign shares had closed Monday down 15% at $12.51, though they were up 143% through the close.
For the full year, the company maintained its revenue outlook of $114 million to $117 million. It raised its earnings-per-share forecast to 37 cents to 38 cents, from a previous range of 35 cents to 37 cents. Analysts expect full-year earnings of 35 cents a share on revenue of $114.7 million.
Comments (0)
No comments yet. Be the first!