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Payoneer Global Soars 12%+ on Q1 Earnings and Revenue Beats

Benzinga ·  May 8 16:05

$Payoneer Global (PAYO.US)$ rose some 12% Wednesday after the fintech beat analyst estimates for Q1 earnings and revenues.

PAYO gained 12.6% to a $5.88 close after the firm reported $0.08 in Q1 earnings per share, up 300% year over year and better than the $0.05 analysts had forecast.

The company also unveiled $228.18 million in quarterly sales, exceeding analysts' $211.58 million consensus estimate by 7.9%. Quarterly sales also rose 18.8% year over year.

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